Solaris Energy Infrastructure (NASDAQ:SEI) Trading 8.6% Higher on Analyst Upgrade

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI)’s share price traded up 8.6% on Thursday after Piper Sandler raised their price target on the stock from $50.00 to $51.00. Piper Sandler currently has an overweight rating on the stock. Solaris Energy Infrastructure traded as high as $22.66 and last traded at $22.95. 188,730 shares changed hands during trading, a decline of 87% from the average session volume of 1,419,033 shares. The stock had previously closed at $21.14.

SEI has been the topic of a number of other reports. Janney Montgomery Scott started coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They set a “buy” rating and a $57.00 price objective on the stock. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price objective for the company. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a report on Wednesday, January 22nd. Northland Capmk raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus raised 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. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $46.80.

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Laurie H. Argo purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $22.43 per share, with a total value of $89,720.00. Following the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 21.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

Several large investors have recently made changes to their positions in SEI. Wayfinding Financial LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth about $29,000. Nisa Investment Advisors LLC bought a new position in shares of Solaris Energy Infrastructure in the first quarter worth about $41,000. Riverview Trust Co acquired a new position in shares of Solaris Energy Infrastructure during the first quarter worth approximately $47,000. California State Teachers Retirement System bought a new stake in shares of Solaris Energy Infrastructure during the fourth quarter valued at approximately $52,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $195,000. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Up 1.3 %

The firm’s 50-day moving average is $22.07 and its two-hundred day moving average is $23.84. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.40 and a current ratio of 3.61. The stock has a market cap of $1.56 billion, a P/E ratio of 52.82 and a beta of 1.12.

Solaris Energy Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.07%. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

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.