Solaris Energy Infrastructure, Inc. (NYSE:SEI) Given Average Rating of “Moderate Buy” by Brokerages

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $86.25.

A number of equities analysts have weighed in on SEI shares. Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company raised their price target on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Needham & Company LLC started coverage on shares of Solaris Energy Infrastructure in a research report on Monday, June 29th. They issued a “buy” rating and a $97.00 price objective for the company. Barclays upped their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Northland Securities set a $104.00 price objective on Solaris Energy Infrastructure in a research report on Friday, June 12th.

Solaris Energy Infrastructure Price Performance

NYSE:SEI opened at $68.23 on Friday. The firm has a market cap of $5.02 billion, a PE ratio of 76.66 and a beta of 1.17. Solaris Energy Infrastructure has a 12 month low of $24.57 and a 12 month high of $86.19. 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 company’s 50-day moving average price is $73.86 and its two-hundred day moving average price is $61.86.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The company 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%. On average, equities analysts anticipate that Solaris Energy Infrastructure will post 1.09 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure 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 sale, the director directly owned 44,839 shares in the company, valued at $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher P. Wirtz sold 700 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total value of $54,054.00. Following the sale, the chief accounting officer directly owned 36,085 shares of the company’s stock, valued at $2,786,483.70. This represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,099,593 shares of company stock valued at $297,782,099 over the last quarter. 20.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $28,000. Signaturefd LLC lifted its holdings in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after buying an additional 476 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure in the third quarter valued at approximately $31,000. Larson Financial Group LLC boosted its stake in 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 last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Solaris Energy Infrastructure by 105.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,205 shares of the company’s stock valued at $56,000 after acquiring an additional 619 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

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.