Solaris Energy Infrastructure, Inc. Plans Quarterly Dividend of $0.12 (NASDAQ:SEI)

Solaris Energy Infrastructure, Inc. (NASDAQ:SEI) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Tuesday, March 11th will be paid a dividend of 0.12 per share on Friday, March 21st. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, March 11th.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $33.73 on Tuesday. Solaris Energy Infrastructure has a one year low of $7.49 and a one year high of $39.03. The company has a quick ratio of 3.40, a current ratio of 3.61 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $29.06. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 76.65 and a beta of 1.35.

Analysts Set New Price Targets

SEI has been the subject of several research analyst reports. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 6th. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus upped 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 report on Monday. Tudor, Pickering, Holt & Co. started coverage on shares of Solaris Energy Infrastructure in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price objective for the company. Finally, Piper Sandler started coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price objective for the company. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Buy” and an average target price of $45.75.

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.