Solaris Energy Infrastructure (NASDAQ:SEI) Trading 4.9% Higher – Still a Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) traded up 4.9% during mid-day trading on Tuesday . The stock traded as high as $21.37 and last traded at $21.45. 1,201,008 shares were traded during mid-day trading, an increase of 42% from the average session volume of 845,167 shares. The stock had previously closed at $20.46.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Piper Sandler assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They issued an “overweight” rating and a $37.00 target price for the company. 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. Janney Montgomery Scott assumed coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target for the company. Finally, Tudor, Pickering, Holt & Co. assumed coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They set a “buy” rating and a $41.00 price target for the company. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Price Performance

The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 53.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.61 and a quick ratio of 3.40. The business’s fifty day moving average price is $28.40.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is presently 97.96%.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo purchased 4,000 shares of the stock in a transaction dated 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 owns 46,064 shares in the company, valued at $1,033,215.52. This represents a 9.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 34.71% of the company’s stock.

Institutional Investors 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 stake in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.