Solaris Energy Infrastructure (NASDAQ:SEI) Shares Gap Up – Still a Buy?

Shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) gapped up before the market opened on Monday . The stock had previously closed at $22.47, but opened at $23.50. Solaris Energy Infrastructure shares last traded at $23.42, with a volume of 60,381 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Janney Montgomery Scott assumed coverage on Solaris Energy Infrastructure in a research report on Tuesday, February 25th. They issued a “buy” rating and a $57.00 price target for the company. Tudor Pickering raised Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Piper Sandler assumed coverage on Solaris Energy Infrastructure in a research report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price target for the company. Stifel Nicolaus lifted their price target on Solaris Energy Infrastructure from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, Tudor, Pickering, Holt & Co. assumed coverage on Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued 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 stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $45.75.

Solaris Energy Infrastructure Stock Performance

The firm has a market capitalization of $1.59 billion, a PE ratio of 53.70 and a beta of 1.32. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $28.14.

Solaris Energy Infrastructure Dividend Announcement

The firm also recently declared 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. This represents a $0.48 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Tuesday, March 11th. Solaris Energy Infrastructure’s payout ratio is currently 97.96%.

Insider Activity

In related news, Director Laurie H. Argo acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $22.43 per share, for a total transaction of $89,720.00. Following the purchase, the director now owns 46,064 shares in the company, valued at $1,033,215.52. The trade was a 9.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 34.71% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Solaris Energy Infrastructure stock. California State Teachers Retirement System acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,822 shares of the company’s stock, valued at approximately $52,000. 67.44% of the stock is currently 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.