Coldstream Capital Management Inc. Has $271,000 Holdings in Solaris Energy Infrastructure, Inc. $SEI

Coldstream Capital Management Inc. decreased its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 60.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,892 shares of the company’s stock after selling 9,171 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Solaris Energy Infrastructure were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Lisanti Capital Growth LLC acquired a new stake in Solaris Energy Infrastructure in the 4th quarter valued at $3,856,000. Legato Capital Management LLC acquired a new position in Solaris Energy Infrastructure during the fourth quarter worth $999,000. Callahan Advisors LLC acquired a new position in Solaris Energy Infrastructure during the fourth quarter worth $322,000. Cullen Frost Bankers Inc. bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $28,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Solaris Energy Infrastructure by 5.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after buying an additional 205 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Stock Performance

SEI stock opened at $69.71 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The firm has a market cap of $4.77 billion, a PE ratio of 78.33 and a beta of 1.25. The business has a 50 day moving average of $67.24 and a 200-day moving average of $56.47. Solaris Energy Infrastructure, Inc. has a 12-month low of $24.57 and a 12-month high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The business had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. As a group, sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Aj Teague purchased 2,750 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average cost of $72.98 per share, with a total value of $200,695.00. Following the acquisition, the director owned 11,060 shares of the company’s stock, valued at $807,158.80. This represents a 33.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher P. Wirtz sold 700 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following the transaction, the chief accounting officer owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. The trade was a 1.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is owned by company insiders.

Analyst Ratings Changes

SEI has been the subject of several recent research reports. Northland Securities set a $86.00 target price on shares of Solaris Energy Infrastructure in a research report on Thursday, April 30th. Piper Sandler raised their price target on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Citigroup lifted their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and set a $82.00 price objective on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their price objective on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.10.

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.