Brokerages Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Target Price at $43.67

by · The Cerbat Gem

Solaris Energy Infrastructure, Inc. (NYSE:SEI – Get Free Report) has earned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $43.6667.

A number of equities research analysts recently commented on SEI shares. Citigroup initiated coverage on Solaris Energy Infrastructure in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. Piper Sandler cut their price target on Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Stifel Nicolaus restated a “buy” rating and issued a $45.00 target price (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research note on Friday, July 25th. Wall Street Zen upgraded Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Raymond James Financial reissued an “outperform” rating and set a $38.00 price objective (down from $39.00) on shares of Solaris Energy Infrastructure in a report on Wednesday, July 23rd.

Check Out Our Latest Report on Solaris Energy Infrastructure

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $33.29 on Friday. Solaris Energy Infrastructure has a 52-week low of $12.48 and a 52-week high of $39.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.98 and a current ratio of 3.11. The business’s 50 day moving average price is $29.92 and its two-hundred day moving average price is $26.16. The firm has a market cap of $2.25 billion, a PE ratio of 56.42 and a beta of 1.15.

Solaris Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 16th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 16th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 81.36%.

Insider Transactions at Solaris Energy Infrastructure

In other news, CEO William A. Zartler purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the transaction, the chief executive officer directly owned 1,049,227 shares of the company’s stock, valued at $26,052,306.41. This trade represents a 0.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kyle S. Ramachandran bought 2,000 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the acquisition, the chief financial officer directly owned 370,338 shares of the company’s stock, valued at approximately $9,258,450. This 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 corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter worth about $52,000. GAMMA Investing LLC purchased a new position in Solaris Energy Infrastructure during the 1st quarter worth $435,000. Rhumbline Advisers bought a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $962,000. Retirement Planning Group LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $802,000. Finally, Riverview Trust Co acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth $47,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Company Profile

(Get Free Report)

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.

See Also