Solaris Energy Infrastructure (NASDAQ:SEI) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Solaris Energy Infrastructure (NASDAQ:SEI) from a hold rating to a sell rating in a research report report published on Wednesday morning.

Several other analysts also recently commented on the company. Citigroup initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, May 22nd. They set a “buy” rating on the stock. Northland Securities initiated coverage on Solaris Energy Infrastructure in a research note on Tuesday, April 22nd. They set an “outperform” rating and a $37.00 target price on the stock. Janney Montgomery Scott initiated coverage on 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. Piper Sandler increased their target price on Solaris Energy Infrastructure from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, Barclays initiated coverage on Solaris Energy Infrastructure in a research note on Friday, June 6th. They set an “overweight” rating and a $42.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and an average target price of $42.56.

Solaris Energy Infrastructure Stock Performance

Shares of SEI opened at $29.01 on Wednesday. The business’s fifty day simple moving average is $24.99 and its two-hundred day simple moving average is $25.87. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77. Solaris Energy Infrastructure has a 12 month low of $10.96 and a 12 month high of $39.03. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 65.93 and a beta of 1.11.

Solaris Energy Infrastructure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.48 annualized dividend and a dividend yield of 1.65%. Solaris Energy Infrastructure’s payout ratio is 97.96%.

Insider Activity

In related news, Director Aj Teague bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average cost of $26.77 per share, with a total value of $26,770.00. Following the acquisition, the director now owns 98,459 shares in the company, valued at $2,635,747.43. This trade represents a 1.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William A. Zartler bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was bought at an average cost of $21.78 per share, for a total transaction 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 trade represents a 0.97% 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.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of institutional investors have recently bought and sold shares of SEI. California State Teachers Retirement System bought a new position in Solaris Energy Infrastructure in the 4th quarter worth $52,000. GAMMA Investing LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter worth $435,000. Rhumbline Advisers bought a new position in Solaris Energy Infrastructure in the 1st quarter worth $962,000. Retirement Planning Group LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter worth $802,000. Finally, Riverview Trust Co bought a new position in Solaris Energy Infrastructure in the 1st quarter worth $47,000. 67.44% of the stock is 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.