Aj Teague Purchases 2,310 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Aj Teague bought 2,310 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $43.13 per share, with a total value of $99,630.30. Following the completion of the acquisition, the director owned 106,465 shares of the company’s stock, valued at $4,591,835.45. This represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI traded up $2.39 during trading on Thursday, hitting $43.03. 3,038,598 shares of the stock were exchanged, compared to its average volume of 2,197,525. The company has a market cap of $2.95 billion, a PE ratio of 45.78 and a beta of 1.14. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $49.36 and a two-hundred day moving average price of $37.74. Solaris Energy Infrastructure, Inc. has a 12-month low of $14.27 and a 12-month high of $57.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. The firm had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. On average, analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SEI. Assetmark Inc. purchased a new stake in shares of Solaris Energy Infrastructure during the 2nd quarter valued at $25,000. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Solaris Energy Infrastructure in the third quarter valued at about $31,000. US Bancorp DE acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $38,000. Finally, Larson Financial Group LLC grew its holdings in Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after purchasing an additional 795 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a report on Thursday, October 9th. Zacks Research cut shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Barclays upped their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Piper Sandler raised their price target on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $52.80.

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.