Solaris Energy Infrastructure, Inc. (NYSE:SEI) Given Consensus Rating of “Buy” by Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received an average rating of “Buy” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $53.70.

Several research firms have recently weighed in on SEI. Piper Sandler upped their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Barclays boosted their price target on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Zacks Research lowered shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a report on Monday, January 5th. Finally, Citigroup increased their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $55.64 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The company has a market capitalization of $3.81 billion, a PE ratio of 59.19 and a beta of 1.12. Solaris Energy Infrastructure has a one year low of $14.27 and a one year high of $57.31. The business has a 50 day simple moving average of $48.23 and a 200 day simple moving average of $40.64.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%.The firm had revenue of $166.84 million for the quarter, compared to analysts’ expectations of $142.82 million. On average, sell-side analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague bought 2,310 shares of the stock in a transaction dated Wednesday, December 17th. The stock was bought at an average cost of $43.13 per share, for a total transaction of $99,630.30. Following the completion of the purchase, the director owned 106,465 shares in the company, valued at $4,591,835.45. This represents a 2.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total value of $106,056,367.45. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,164,094 shares of company stock valued at $108,255,773. 21.20% of the stock is currently owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds have recently modified their holdings of SEI. Assetmark Inc. bought a new position in Solaris Energy Infrastructure in the 2nd quarter worth approximately $25,000. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Solaris Energy Infrastructure during the third quarter worth $31,000. Larson Financial Group LLC lifted its stake in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares during the period. Finally, Chung Wu Investment Group LLC bought a new position in Solaris Energy Infrastructure in the third quarter valued at about $52,000. 67.44% of the stock is owned by institutional investors.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.