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

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned an average rating of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $47.5556.

A number of equities research analysts have recently issued reports on SEI shares. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a report on Thursday, October 9th. Wall Street Zen upgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a report on Wednesday, October 8th. Piper Sandler dropped their target price on Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $45.00 price objective (up previously from $41.00) on shares of Solaris Energy Infrastructure in a report on Friday, July 25th.

Solaris Energy Infrastructure Stock Performance

SEI stock opened at $52.40 on Wednesday. The company has a market capitalization of $3.54 billion, a P/E ratio of 88.82 and a beta of 1.12. The company has a 50-day simple moving average of $34.51 and a 200 day simple moving average of $28.67. Solaris Energy Infrastructure has a fifty-two week low of $12.78 and a fifty-two week high of $53.83. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.08 EPS for the quarter. Solaris Energy Infrastructure had a net margin of 4.99% and a return on equity of 7.66%. The firm had revenue of $75.02 million for the quarter. Sell-side analysts predict that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Tuesday, September 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 16th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is 81.36%.

Insider Buying and Selling

In related news, Director Edgar R. Jr. Giesinger sold 10,000 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 90,956 shares of the company’s stock, valued at $2,624,990.16. This trade represents a 9.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kyle S. Ramachandran bought 2,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average cost of $25.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the chief financial officer directly owned 370,338 shares in the company, valued at approximately $9,258,450. This trade represents a 0.54% increase in their position. The disclosure for this purchase can be found here. 21.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new position in Solaris Energy Infrastructure during the second quarter worth about $25,000. Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $28,000. Wayfinding Financial LLC bought a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $29,000. US Bancorp DE bought a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $38,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $41,000. 67.44% of the stock is currently owned by institutional investors.

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.