Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Given Average Recommendation of "Buy" by Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Get Free Report) have earned a consensus recommendation of "Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $45.75.

A number of brokerages have recently issued reports on SEI. Janney Montgomery Scott initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a "buy" rating and a $57.00 price target on the stock. Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an "overweight" rating and a $37.00 target price on the stock. Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a "buy" rating and a $41.00 price target for the company. Tudor Pickering raised Solaris Energy Infrastructure to a "strong-buy" rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus increased their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, February 24th.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Laurie H. Argo purchased 4,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the transaction, the director now directly owns 46,064 shares of the company's stock, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 21.20% of the company's stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors have recently made changes to their positions in the business. Riverview Trust Co purchased a new stake in Solaris Energy Infrastructure during the first quarter valued at about $47,000. California State Teachers Retirement System bought a new position in Solaris Energy Infrastructure during the 4th quarter worth approximately $52,000. GAMMA Investing LLC purchased a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $435,000. Assenagon Asset Management S.A. purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $772,000. Finally, Retirement Planning Group LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth approximately $802,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Up 4.5 %

NASDAQ:SEI traded up $0.82 during mid-day trading on Wednesday, hitting $19.02. 761,042 shares of the company's stock were exchanged, compared to its average volume of 966,343. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 43.24 and a beta of 1.12. Solaris Energy Infrastructure has a fifty-two week low of $10.96 and a fifty-two week high of $39.03. The stock's 50 day moving average is $24.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40.

Solaris Energy Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. Solaris Energy Infrastructure's payout ratio is currently 97.96%.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.