Assenagon Asset Management S.A. Sells 168,012 Shares of Solaris Energy Infrastructure, Inc. $SEI

Assenagon Asset Management S.A. cut its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 227,542 shares of the company’s stock after selling 168,012 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Solaris Energy Infrastructure were worth $10,460,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SEI. Caitong International Asset Management Co. Ltd bought a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $31,000. Larson Financial Group LLC increased 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 purchasing an additional 795 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after purchasing an additional 255 shares during the period. Chung Wu Investment Group LLC acquired a new position in shares of Solaris Energy Infrastructure during the third quarter valued at about $52,000. Finally, Strs Ohio bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Citigroup reduced their price objective on 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. Wells Fargo & Company started coverage on Solaris Energy Infrastructure in a report on Friday, March 20th. They set an “equal weight” rating and a $71.00 price objective for the company. Morgan Stanley started coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.36.

Solaris Energy Infrastructure Trading Down 4.1%

Shares of SEI opened at $57.98 on Friday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $70.17. The business has a 50-day moving average of $54.49 and a 200 day moving average of $49.32. The firm has a market cap of $3.97 billion, a P/E ratio of 81.66 and a beta of 1.13. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The firm had revenue of $179.70 million during the quarter. As a group, research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Solaris Energy Infrastructure Company 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.