Solaris Energy Infrastructure (NYSE:SEI) Director Sells $149,000,000.00 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director W Howard Keenan, Jr. sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total transaction of $149,000,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock traded down $4.49 during midday trading on Thursday, reaching $72.96. The company had a trading volume of 2,766,421 shares, compared to its average volume of 2,384,956. The company has a current ratio of 1.11, a quick ratio of 2.87 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $60.72 and a 200 day simple moving average of $53.96. Solaris Energy Infrastructure, Inc. has a 1-year low of $21.22 and a 1-year high of $81.24. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 81.98 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $196.24 million for the quarter. As a group, equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the company. Farmers Trust Co. lifted its holdings in shares of Solaris Energy Infrastructure by 3.2% in 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 in the last quarter. Creative Financial Designs Inc. ADV raised its position in 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 buying an additional 205 shares during the last quarter. Assetmark Inc. raised its position in Solaris Energy Infrastructure by 29.1% in the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after buying an additional 255 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Solaris Energy Infrastructure by 2.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock valued at $436,000 after acquiring an additional 295 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Solaris Energy Infrastructure by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after acquiring an additional 391 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Northland Securities set a $86.00 price objective on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Glj Research assumed coverage on Solaris Energy Infrastructure in a report on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective on the stock. Citigroup boosted their price objective on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James Financial reissued an “outperform” rating and set a $82.00 target price on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.18.

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.