Solaris Energy Infrastructure (NYSE:SEI) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Solaris Energy Infrastructure (NYSE:SEI) in a research report sent to investors on Friday, Marketbeat reports. The brokerage issued an equal weight rating and a $71.00 price objective on the stock.

A number of other research analysts also recently weighed in on SEI. Barclays raised their target price on shares of Solaris Energy Infrastructure from $63.00 to $74.00 and gave the company an “overweight” rating in a research report on Tuesday, March 17th. Citigroup reduced their price objective on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings lowered Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.36.

Solaris Energy Infrastructure Trading Down 6.3%

NYSE:SEI opened at $61.70 on Friday. Solaris Energy Infrastructure has a twelve month low of $14.27 and a twelve month high of $70.17. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $53.84 and a two-hundred day moving average price of $48.45. The company has a market cap of $4.22 billion, a P/E ratio of 86.90 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. As a group, analysts expect that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SEI. Signaturefd LLC raised its holdings in shares of Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares during the period. Cullen Frost Bankers Inc. bought a new position in Solaris Energy Infrastructure during the fourth quarter worth about $28,000. Strs Ohio acquired a new position in Solaris Energy Infrastructure during the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure during the third quarter worth approximately $31,000. Finally, Larson Financial Group LLC raised its stake in Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after buying an additional 795 shares during the period. Institutional investors own 67.44% of the company’s stock.

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.