Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $104.00

Solaris Energy Infrastructure (NYSE:SEI) had its target price lifted by Citigroup from $100.00 to $104.00 in a research report sent to investors on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Barclays raised their price objective on Solaris Energy Infrastructure from $116.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, November 6th. Northland Securities set a $111.00 target price on Solaris Energy Infrastructure in a report on Wednesday, September 16th. Raymond James Financial raised Solaris Energy Infrastructure from a “moderate buy” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a research note on Friday, November 6th. Morgan Stanley boosted their price target on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, The Goldman Sachs Group set a $113.00 price objective on Solaris Energy Infrastructure in a research note on Friday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $100.38.

Solaris Energy Infrastructure Stock Performance

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

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

Solaris Energy Infrastructure Dividend Announcement

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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 8th. Solaris Energy Infrastructure’s payout ratio is 50.00%.

Insider Activity at Solaris Energy Infrastructure

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

Institutional Trading of Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Concurrent Investment Advisors LLC raised its position in Solaris Energy Infrastructure by 4.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock worth $572,000 after purchasing an additional 300 shares during the last quarter. Balefire LLC lifted its holdings in Solaris Energy Infrastructure by 12.3% during the 3rd quarter. Balefire LLC now owns 3,109 shares of the company’s stock worth $221,000 after buying an additional 341 shares during the period. Global Retirement Partners LLC lifted its holdings in Solaris Energy Infrastructure by 10.2% during the 3rd quarter. Global Retirement Partners LLC now owns 4,050 shares of the company’s stock worth $288,000 after buying an additional 374 shares during the period. Allworth Financial LP grew its position in shares of Solaris Energy Infrastructure by 591.9% in the 3rd quarter. Allworth Financial LP now owns 512 shares of the company’s stock valued at $36,000 after buying an additional 438 shares during the last quarter. Finally, Gibbs Wealth Management grew its position in shares of Solaris Energy Infrastructure by 7.3% in the 3rd quarter. Gibbs Wealth Management now owns 6,812 shares of the company’s stock valued at $485,000 after buying an additional 461 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

About Solaris Energy Infrastructure

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.