Analysts Set Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) Target Price at $45.75

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) have been assigned an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $45.75.

Several research firms have recently issued reports on SEI. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Wednesday, January 22nd. Janney Montgomery Scott started coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 target price on the stock. Stifel Nicolaus upped their price target 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. Piper Sandler initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, February 20th. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, Tudor, Pickering, Holt & Co. initiated coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 target price for the company.

Solaris Energy Infrastructure Price Performance

Shares of SEI stock opened at $22.76 on Friday. Solaris Energy Infrastructure has a 12-month low of $10.96 and a 12-month high of $39.03. 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 company has a market cap of $1.53 billion, a price-to-earnings ratio of 51.74 and a beta of 1.32. The business has a 50 day simple moving average of $27.42.

Solaris Energy Infrastructure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were issued a $0.12 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.11%. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

Insider Buying and Selling

In related news, Director Laurie H. Argo bought 4,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $22.43 per share, with a total value of $89,720.00. Following the completion of the transaction, the director now directly owns 46,064 shares of the company’s stock, valued at approximately $1,033,215.52. This trade represents a 9.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 34.71% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A hedge fund recently bought a new stake in Solaris Energy Infrastructure stock. California State Teachers Retirement System bought a new position in Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the 4th quarter, according to its most recent filing 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 owned by institutional investors.

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.