Solaris Energy Infrastructure (NYSE:SEI) Rating Increased to Hold at Zacks Research

Solaris Energy Infrastructure (NYSE:SEI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on SEI. Citigroup lowered their price target on Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday. Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Glj Research started coverage on shares of Solaris Energy Infrastructure in a report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price objective for the company. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Barclays increased their price target on shares of Solaris Energy Infrastructure from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $57.10.

Solaris Energy Infrastructure Stock Performance

Shares of SEI opened at $52.18 on Thursday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 73.49 and a beta of 1.13. The firm’s fifty day simple moving average is $52.72 and its two-hundred day simple moving average is $47.05. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37. Solaris Energy Infrastructure has a 12 month low of $14.27 and a 12 month high of $61.36.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The firm had revenue of $179.70 million during the quarter. As a group, analysts predict that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In other news, CEO Amanda M. Brock bought 3,669 shares of the stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average cost of $40.89 per share, for a total transaction of $150,025.41. Following the transaction, the chief executive officer owned 141,080 shares of the company’s stock, valued at $5,768,761.20. The trade was a 2.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cynthia M. Durrett sold 47,011 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total value of $2,097,630.82. Following the completion of the sale, the insider directly owned 131,152 shares of the company’s stock, valued at $5,852,002.24. The trade was a 26.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several institutional investors have recently made changes to their positions in SEI. Signaturefd LLC grew its holdings in shares of Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $28,000. Strs Ohio bought a new position in Solaris Energy Infrastructure in the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure in the third quarter worth approximately $31,000. Finally, Larson Financial Group LLC increased its holdings in Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the period. 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.