Vanguard Group Inc. Grows Stock Holdings in Solaris Energy Infrastructure, Inc. $SEI

Vanguard Group Inc. increased its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 9.3% in the 4th quarter, HoldingsChannel reports. The fund owned 2,913,632 shares of the company’s stock after acquiring an additional 248,762 shares during the period. Vanguard Group Inc.’s holdings in Solaris Energy Infrastructure were worth $133,940,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after purchasing an additional 1,116,794 shares during the period. Advent International L.P. acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth about $40,246,000. Ceredex Value Advisors LLC purchased a new stake in Solaris Energy Infrastructure in the third quarter valued at approximately $35,050,000. Goodlander Investment Management LLC purchased a new stake in Solaris Energy Infrastructure in the second quarter valued at approximately $19,803,000. Finally, Honeycomb Asset Management LP acquired a new position in Solaris Energy Infrastructure in the 2nd quarter worth approximately $19,011,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Ray N. Walker, Jr. sold 56,841 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the sale, the director owned 5,760 shares of the company’s stock, valued at approximately $415,353.60. This represents a 90.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $70.75, for a total value of $141,500,000.00. The SEC filing for this sale provides additional information. Insiders have sold 4,056,841 shares of company stock valued at $294,598,805 in the last quarter. Corporate insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Stock Up 2.5%

NYSE SEI opened at $74.81 on Tuesday. The business’s fifty day simple moving average is $61.55 and its 200-day simple moving average is $54.29. Solaris Energy Infrastructure, Inc. has a 52 week low of $21.22 and a 52 week high of $81.24. 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 firm has a market cap of $5.12 billion, a PE ratio of 84.06 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The firm 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%. As a group, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SEI. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Piper Sandler upped their price target on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Stifel Nicolaus boosted 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. Northland Securities set a $86.00 target price on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Finally, Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of $75.18.

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.