Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $81.80.

Several brokerages have recently weighed in on SEI. Stifel Nicolaus upped their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Wells Fargo & Company boosted their price target on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Piper Sandler raised their price objective 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.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, CAO Christopher P. Wirtz sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following the completion of the sale, the chief accounting officer directly owned 36,085 shares in the company, valued at approximately $2,786,483.70. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Aj Teague purchased 2,750 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $72.98 per share, for a total transaction of $200,695.00. Following the transaction, the director owned 11,060 shares of the company’s stock, valued at $807,158.80. The trade was a 33.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 4,099,593 shares of company stock valued at $297,782,099. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the stock. Farmers Trust Co. lifted its holdings in shares of Solaris Energy Infrastructure by 3.2% during the fourth quarter. Farmers Trust Co. now owns 6,450 shares of the company’s stock valued at $297,000 after purchasing an additional 200 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Solaris Energy Infrastructure by 5.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after purchasing an additional 205 shares during the period. Assetmark Inc. increased its stake in Solaris Energy Infrastructure by 29.1% in the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after purchasing an additional 255 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Solaris Energy Infrastructure by 2.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock worth $436,000 after buying an additional 295 shares during the period. Finally, Legal & General Group Plc raised its holdings in Solaris Energy Infrastructure by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock worth $1,467,000 after buying an additional 391 shares during the period. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI opened at $73.88 on Monday. Solaris Energy Infrastructure has a 12 month low of $24.57 and a 12 month high of $81.24. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 83.01 and a beta of 1.19. The stock’s 50 day moving average price is $69.70 and its 200 day moving average price is $58.38. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The firm had revenue of $196.24 million during the quarter. Equities research analysts anticipate that Solaris Energy Infrastructure will post 1.26 earnings per share 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.