Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Given Consensus Recommendation of “Buy” by Brokerages

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $45.75.

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

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Laurie H. Argo acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the transaction, the director now directly owns 46,064 shares in the company, valued at $1,033,215.52. This represents a 9.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 21.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System acquired a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $52,000. Riverview Trust Co bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $47,000. GAMMA Investing LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $435,000. Assenagon Asset Management S.A. bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $772,000. Finally, Retirement Planning Group LLC acquired a new position in shares of Solaris Energy Infrastructure during the first quarter worth $802,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Up 4.5 %

SEI stock opened at $19.02 on Wednesday. Solaris Energy Infrastructure has a 1-year low of $10.96 and a 1-year high of $39.03. 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 has a market capitalization of $1.28 billion, a price-to-earnings ratio of 43.24 and a beta of 1.12. The business’s 50-day simple moving average is $24.01.

Solaris Energy Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.52%. Solaris Energy Infrastructure’s payout ratio is 97.96%.

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.