Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $85.00

Solaris Energy Infrastructure (NYSE:SEI) had its price target boosted by Piper Sandler from $82.00 to $85.00 in a research note released on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other brokerages have also weighed in on SEI. Stifel Nicolaus upped their target price on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. The Goldman Sachs Group set a $113.00 price target on Solaris Energy Infrastructure in a research note on Friday, November 6th. Citigroup boosted their price target on Solaris Energy Infrastructure from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Northland Securities set a $111.00 price objective on Solaris Energy Infrastructure in a research report on Wednesday, September 16th. Finally, Wall Street Zen raised shares of Solaris Energy Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $100.38.

Solaris Energy Infrastructure Trading Up 4.5%

NYSE:SEI opened at $64.65 on Monday. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.10 and a quick ratio of 4.03. The business’s 50-day simple moving average is $66.47 and its 200-day simple moving average is $63.47. Solaris Energy Infrastructure has a fifty-two week low of $38.50 and a fifty-two week high of $86.19. The stock has a market capitalization of $4.95 billion, a PE ratio of 67.35 and a beta of 1.40.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Wednesday, November 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The business had revenue of $341.09 million during the quarter. Solaris Energy Infrastructure had a return on equity of 12.82% and a net margin of 7.99%. Sell-side analysts expect that Solaris Energy Infrastructure will post 1.37 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Dividend Announcement

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

Insider Transactions at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director A. Teague purchased 3,900 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The stock was acquired at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the acquisition, the director owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of SEI. Advisors Asset Management Inc. acquired a new stake in Solaris Energy Infrastructure during the 3rd quarter valued at $98,000. Public Sector Pension Investment Board bought a new position in Solaris Energy Infrastructure during the third quarter worth $28,502,000. Global Retirement Partners LLC increased its holdings in shares of Solaris Energy Infrastructure by 10.2% in the third quarter. Global Retirement Partners LLC now owns 4,050 shares of the company’s stock valued at $288,000 after purchasing an additional 374 shares during the last quarter. South Dakota Investment Council acquired a new position in shares of Solaris Energy Infrastructure in the third quarter valued at $6,371,000. Finally, Banco Santander S.A. raised its position in shares of Solaris Energy Infrastructure by 51.6% in the third quarter. Banco Santander S.A. now owns 184,309 shares of the company’s stock valued at $13,119,000 after purchasing an additional 62,769 shares during the period. Institutional investors own 67.44% of the company’s stock.

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.