Solaris Energy Infrastructure Sees Unusually High Options Volume (NYSE:SEI)

Solaris Energy Infrastructure, Inc. (NYSE:SEI) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 6,835 put options on the stock. This represents an increase of approximately 67% compared to the average volume of 4,084 put options.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently made changes to their positions in SEI. Principal Financial Group Inc. grew its holdings in Solaris Energy Infrastructure by 2,120.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after purchasing an additional 1,400,311 shares during the last quarter. Van ECK Associates Corp lifted its stake in Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after purchasing an additional 1,116,794 shares during the last quarter. Advent International L.P. purchased a new position in shares of Solaris Energy Infrastructure during the third quarter valued at approximately $40,246,000. Value Aligned Research Advisors LLC purchased a new position in shares of Solaris Energy Infrastructure during the fourth quarter valued at approximately $44,864,000. Finally, Ceredex Value Advisors LLC bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at approximately $35,050,000. Institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SEI. Citigroup cut their target price 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. UBS Group set a $65.00 price objective on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Glj Research began coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective for the company. Barclays lifted their target price on Solaris Energy Infrastructure from $63.00 to $74.00 and gave the stock an “overweight” rating in a report on Tuesday, March 17th. Finally, Weiss Ratings downgraded Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $59.36.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $55.43 on Thursday. Solaris Energy Infrastructure has a 52-week low of $14.27 and a 52-week 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 firm’s fifty day moving average is $54.41 and its 200 day moving average is $50.01. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 78.07 and a beta of 1.05.

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 analysts’ consensus estimates 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 business had revenue of $179.70 million during the quarter. Sell-side analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal 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.