SG Americas Securities LLC Sells 10,193 Shares of Solaris Energy Infrastructure, Inc. $SEI

SG Americas Securities LLC lessened its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 43.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,369 shares of the company’s stock after selling 10,193 shares during the period. SG Americas Securities LLC’s holdings in Solaris Energy Infrastructure were worth $534,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SEI. Assetmark Inc. bought a new position in Solaris Energy Infrastructure during the 2nd quarter valued at about $25,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $28,000. Nisa Investment Advisors LLC raised its stake in shares of Solaris Energy Infrastructure by 17.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after acquiring an additional 333 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Solaris Energy Infrastructure by 2,227.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company’s stock worth $78,000 after acquiring an additional 2,628 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Solaris Energy Infrastructure by 88.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,366 shares of the company’s stock worth $95,000 after acquiring an additional 1,577 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on SEI shares. Zacks Research lowered Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, January 5th. Piper Sandler increased their price objective 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 raised their price objective 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. Finally, Morgan Stanley initiated coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $55.11.

Solaris Energy Infrastructure Price Performance

SEI opened at $53.99 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 57.44 and a beta of 1.12. Solaris Energy Infrastructure, Inc. has a 12 month low of $14.27 and a 12 month high of $59.80. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $49.18 and a 200 day simple moving average of $41.69.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $142.82 million. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total transaction of $101,775.00. Following the sale, the director directly owned 50,039 shares in the company, valued at approximately $2,214,225.75. This trade represents a 4.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the completion of the transaction, the insider directly owned 131,152 shares in the company, valued at approximately $5,852,002.24. The trade was a 26.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,164,094 shares of company stock worth $108,255,773 in the last three months. 21.20% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Profile

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.