CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Buys 327,000 Shares of Solaris Energy Infrastructure, Inc. $SEI

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 536.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,000 shares of the company’s stock after buying an additional 327,000 shares during the quarter. Solaris Energy Infrastructure makes up approximately 1.1% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 25th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Solaris Energy Infrastructure were worth $21,926,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SEI. Signaturefd LLC grew its stake in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Solaris Energy Infrastructure in the 4th quarter worth approximately $28,000. Strs Ohio bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure in the 3rd quarter valued at $31,000. Finally, Larson Financial Group LLC grew its position in shares of Solaris Energy Infrastructure by 363.0% during the 3rd 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. 67.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SEI has been the topic of several research analyst reports. Stifel Nicolaus upped their price target on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Needham & Company LLC started coverage on Solaris Energy Infrastructure in a research note on Monday, June 29th. They issued a “buy” rating and a $97.00 target price on the stock. Raymond James Financial restated an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Finally, Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a research report on Friday, June 12th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $83.18.

Insider Activity

In other news, Director Laurie H. Argo sold 5,200 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the transaction, the director directly owned 44,839 shares in the company, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher M. Powell sold 36,852 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $74.63, for a total value of $2,750,264.76. Following the transaction, the insider owned 114,117 shares in the company, valued at $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is owned by insiders.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $66.71 on Monday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $86.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The stock has a market cap of $4.91 billion, a P/E ratio of 74.96 and a beta of 1.17. The firm’s fifty day moving average price is $74.31 and its 200-day moving average price is $61.21.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.18. The company had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. On average, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

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.