Bessemer Group Inc. Has $12.48 Million Stock Holdings in Solaris Energy Infrastructure, Inc. $SEI

Bessemer Group Inc. trimmed its stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 21.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,826 shares of the company’s stock after selling 59,756 shares during the quarter. Bessemer Group Inc.’s holdings in Solaris Energy Infrastructure were worth $12,478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zweig DiMenna Associates LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $2,684,000. Sanctuary Advisors LLC grew its stake in Solaris Energy Infrastructure by 12.8% in the 1st quarter. Sanctuary Advisors LLC now owns 5,552 shares of the company’s stock valued at $314,000 after buying an additional 632 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in Solaris Energy Infrastructure by 0.9% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 314,782 shares of the company’s stock valued at $17,788,000 after buying an additional 2,755 shares during the last quarter. Triglav Investments D.O.O. bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $411,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $916,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEI has been the subject of several research reports. Wells Fargo & Company raised their price objective 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. Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a research note on Friday, June 12th. Zacks Research lowered Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Morgan Stanley lifted their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, Raymond James Financial restated an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.25.

Solaris Energy Infrastructure Price Performance

NYSE:SEI opened at $60.25 on Monday. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $86.19. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 67.70 and a beta of 1.17. The firm’s 50-day simple moving average is $72.91 and its 200 day simple moving average is $62.76. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data 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 net margin of 6.69% and a return on equity of 13.33%. The firm had revenue of $196.24 million during the quarter. As a group, sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director W Howard Keenan, Jr. sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total value of $149,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director directly owned 44,839 shares in the company, valued at $3,267,866.32. This represents a 10.39% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is currently owned by company insiders.

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.