Solaris Energy Infrastructure (NASDAQ:SEI) Trading 7.4% Higher – Time to Buy?

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) shares shot up 7.4% on Wednesday . The company traded as high as $22.78 and last traded at $22.74. 324,170 shares were traded during mid-day trading, a decline of 64% from the average session volume of 910,540 shares. The stock had previously closed at $21.18.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SEI shares. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research note on Tuesday, February 25th. They set a “buy” rating and a $57.00 price target for the company. Tudor Pickering upgraded Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Piper Sandler began coverage on 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. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 target price for the company. Finally, Stifel Nicolaus increased their target price on shares of Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a report on Monday, February 24th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Trading Up 5.9 %

The firm has a market capitalization of $1.51 billion, a PE ratio of 50.98 and a beta of 1.32. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The company’s 50-day simple moving average is $27.03.

Solaris Energy Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend was Tuesday, March 11th. Solaris Energy Infrastructure’s dividend payout ratio is 97.96%.

Insider Activity

In other news, Director Laurie H. Argo bought 4,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the completion of the purchase, the director now directly 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 legal filing with the SEC, which is accessible through this link. Insiders own 34.71% of the company’s stock.

Institutional Investors 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 the company in 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. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.