Solaris Energy Infrastructure (NASDAQ:SEI) Now Covered by Analysts at Raymond James

Raymond James assumed coverage on shares of Solaris Energy Infrastructure (NASDAQ:SEI) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $39.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. Janney Montgomery Scott began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 target price for the company. Northland Securities began coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 price target for the company. Stifel Nicolaus upped their price objective on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Vertical Research started coverage on Solaris Energy Infrastructure in a research note on Wednesday, May 14th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Barclays began coverage on Solaris Energy Infrastructure in a research note on Friday, June 6th. They issued an “overweight” rating and a $42.00 price target for the company. Ten research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $42.56.

Solaris Energy Infrastructure Price Performance

SEI opened at $27.10 on Friday. The firm has a market cap of $1.83 billion, a PE ratio of 61.59 and a beta of 1.11. The stock has a 50-day moving average price of $22.90 and a 200-day moving average price of $25.68. Solaris Energy Infrastructure has a 1 year low of $10.96 and a 1 year 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.

Solaris Energy Infrastructure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%. Solaris Energy Infrastructure’s dividend payout ratio is presently 97.96%.

Insider Activity

In other Solaris Energy Infrastructure news, CEO William A. Zartler acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $21.78 per share, with a total value of $217,800.00. Following the completion of the acquisition, the chief executive officer now owns 1,039,227 shares in the company, valued at $22,634,364.06. This represents a 0.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aj Teague bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $26.77 per share, with a total value of $26,770.00. Following the completion of the transaction, the director now directly owns 98,459 shares of the company’s stock, valued at $2,635,747.43. This trade represents a 1.03% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 12,000 shares of company stock valued at $267,150 in the last ninety days. 21.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $78,967,000. Driehaus Capital Management LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $44,073,000. Vanguard Group Inc. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth $35,060,000. Westwood Holdings Group Inc. purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth $29,298,000. Finally, Millennium Management LLC bought a new position in shares of Solaris Energy Infrastructure during the first quarter worth $24,335,000. 67.44% of the stock is currently owned by institutional investors.

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.