Solaris Energy Infrastructure (NYSE:SEI) Director Aj Teague Acquires 350 Shares of Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director A. Teague bought 350 shares of the stock in a transaction dated Monday, November 9th. The stock was purchased at an average cost of $59.23 per share, for a total transaction of $20,730.50. Following the acquisition, the director owned 117,215 shares of the company’s stock, valued at approximately $6,942,644.45. This represents a 0.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Aj Teague also recently made the following trade(s):

• On Wednesday, November 11th, A. Teague purchased 150 shares of Solaris Energy Infrastructure stock. The shares were purchased at an average price of $65.81 per share, for a total transaction of $9,871.50.
• On Tuesday, November 10th, A. Teague purchased 170 shares of Solaris Energy Infrastructure stock. The shares were purchased at an average cost of $59.50 per share, with a total value of $10,115.00.
• On Tuesday, September 8th, A. Teague purchased 3,900 shares of Solaris Energy Infrastructure stock. The shares were purchased at an average cost of $64.21 per share, with a total value of $250,419.00.

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI opened at $64.46 on Friday. The company has a quick ratio of 4.03, a current ratio of 2.10 and a debt-to-equity ratio of 1.68. The company has a market cap of $4.94 billion, a P/E ratio of 67.15 and a beta of 1.40. Solaris Energy Infrastructure, Inc. has a 52 week low of $38.50 and a 52 week high of $86.19. The company has a 50-day moving average price of $66.70 and a 200 day moving average price of $63.53.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.23. Solaris Energy Infrastructure had a return on equity of 12.82% and a net margin of 7.99%. The company had revenue of $341.09 million for the quarter. Research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.37 earnings per share for the current year.

Solaris Energy Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Tuesday, December 8th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 8th. Solaris Energy Infrastructure’s dividend payout ratio (DPR) is currently 50.00%.

Analyst Upgrades and Downgrades

SEI has been the topic of a number of recent analyst reports. Raymond James Financial raised Solaris Energy Infrastructure from a “moderate buy” rating to a “strong-buy” rating and set a $113.00 price objective on the stock in a report on Friday, November 6th. Wall Street Zen raised Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Northland Securities set a $111.00 target price on Solaris Energy Infrastructure in a report on Wednesday, September 16th. Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $100.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler upped their price target on shares of Solaris Energy Infrastructure from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Buy” and an average price target of $100.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in shares of Solaris Energy Infrastructure by 591.9% during the 3rd quarter. Allworth Financial LP now owns 512 shares of the company’s stock worth $36,000 after acquiring an additional 438 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth approximately $44,000. Parallel Advisors LLC increased its stake in Solaris Energy Infrastructure by 590.9% in the 3rd quarter. Parallel Advisors LLC now owns 684 shares of the company’s stock valued at $49,000 after purchasing an additional 585 shares in the last quarter. West Branch Capital LLC purchased a new position in Solaris Energy Infrastructure in the 3rd quarter valued at approximately $71,000. Finally, Hantz Financial Services Inc. purchased a new position in Solaris Energy Infrastructure in the 3rd quarter valued at approximately $72,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Solaris Energy Infrastructure

Investors following SEI have been watching these headlines:

• Positive Sentiment: Needham raised its price target to $126 from $104 and reiterated a “buy” rating. That target implies substantial upside from the $64.46 reference price in the report. Needham recommendations
• Positive Sentiment: Directors reported purchases totaling 670 shares for about $40,700 across transactions on Nov. 9, 10 and 11. Insider buying can signal confidence in the company, though these purchases were modest relative to SEI’s size. SEC filing
• Positive Sentiment: Citigroup also raised its price target, adding to the recent favorable analyst commentary; the article provided no revised target figure. Citigroup price-target report

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc. provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells. The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S. shale basins, while its power solutions serve customers seeking scalable power generation.