SG Americas Securities LLC Grows Position in Solaris Energy Infrastructure, Inc. $SEI

SG Americas Securities LLC lifted its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 1,441.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 206,130 shares of the company’s stock after purchasing an additional 192,761 shares during the period. SG Americas Securities LLC’s holdings in Solaris Energy Infrastructure were worth $9,476,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio purchased a new stake in Solaris Energy Infrastructure during the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Solaris Energy Infrastructure in the 3rd quarter worth $31,000. Larson Financial Group LLC increased its position in shares of 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 acquiring an additional 795 shares during the period. Assetmark Inc. raised its stake 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 acquiring an additional 255 shares during the last quarter. Finally, Chung Wu Investment Group LLC bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at about $52,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on SEI shares. UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Barclays upped their price target on Solaris Energy Infrastructure from $63.00 to $74.00 and gave the company an “overweight” rating in a research report on Tuesday, March 17th. Wells Fargo & Company assumed coverage on Solaris Energy Infrastructure in a research report on Friday, March 20th. They issued an “equal weight” rating and a $71.00 price objective on the stock. Raymond James Financial reissued an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Finally, Morgan Stanley began coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.36.

Solaris Energy Infrastructure Price Performance

Shares of NYSE SEI opened at $57.98 on Monday. Solaris Energy Infrastructure, Inc. has a 1 year low of $14.27 and a 1 year high of $70.17. The stock has a market capitalization of $3.97 billion, a P/E ratio of 81.66 and a beta of 1.13. The company’s 50-day moving average is $54.49 and its 200 day moving average is $49.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. On average, sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share 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.