Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Receives Average Rating of "Buy" from Brokerages

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

SEI has been the subject of a number of analyst reports. Tudor, Pickering, Holt & Co. began coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a "buy" rating and a $41.00 price objective for the company. Piper Sandler initiated coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They set an "overweight" rating and a $37.00 price target for the company. Tudor Pickering upgraded shares of Solaris Energy Infrastructure to a "strong-buy" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus upped their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Finally, Janney Montgomery Scott began coverage on Solaris Energy Infrastructure in a report on Tuesday, February 25th. They set a "buy" rating and a $57.00 price target on the stock.

Solaris Energy Infrastructure Trading Down 1.4 %

SEI traded down $0.34 on Friday, hitting $23.41. 1,046,878 shares of the company's stock were exchanged, compared to its average volume of 881,768. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company's fifty day simple moving average is $27.93. Solaris Energy Infrastructure has a twelve month low of $10.96 and a twelve month high of $39.03. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 53.20 and a beta of 1.32.

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Solaris Energy Infrastructure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, March 11th. Solaris Energy Infrastructure's dividend payout ratio is currently 97.96%.

Insider Activity at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo bought 4,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the completion of the acquisition, the director now directly owns 46,064 shares in the company, valued at approximately $1,033,215.52. The trade was a 9.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 34.71% of the company's stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

An institutional investor recently bought a new position in Solaris Energy Infrastructure stock. California State Teachers Retirement System bought a new position in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,822 shares of the company's stock, valued at approximately $52,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Company Profile

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.