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

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

Solaris Energy Infrastructure Trading Down 6.2 %

SEI stock opened at $33.73 on Tuesday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 76.65 and a beta of 1.35. Solaris Energy Infrastructure has a 52 week low of $7.49 and a 52 week high of $39.03. The business’s 50-day moving average is $29.06. The company has a current ratio of 3.61, a quick ratio of 3.40 and a debt-to-equity ratio of 0.77.

Analysts Set New Price Targets

A number of research firms recently commented on SEI. Pickering Energy Partners raised shares of Solaris Energy Infrastructure from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 6th. Tudor Pickering raised shares of Solaris Energy Infrastructure to a “strong-buy” rating in a 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 company a “buy” rating in a report on Monday. Tudor, Pickering, Holt & Co. began coverage on shares of Solaris Energy Infrastructure in a report on Wednesday, January 22nd. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Piper Sandler began coverage on shares of Solaris Energy Infrastructure in a report on Thursday, February 20th. They issued an “overweight” rating and a $37.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Buy” and an average target price of $45.75.

Solaris Energy Infrastructure Company Profile

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.