Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $74.00

Solaris Energy Infrastructure (NYSE:SEI) had its target price boosted by Barclays from $63.00 to $74.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently issued reports on SEI. Raymond James Financial reiterated an “outperform” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Piper Sandler raised their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, UBS Group set a $65.00 price target on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.20.

Solaris Energy Infrastructure Trading Down 3.8%

Shares of SEI stock opened at $65.93 on Tuesday. The company has a market capitalization of $4.51 billion, a PE ratio of 92.86 and a beta of 1.13. Solaris Energy Infrastructure has a 52-week low of $14.27 and a 52-week high of $70.17. The business’s fifty day moving average is $53.67 and its 200 day moving average is $47.96. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. The business had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%. On average, equities research analysts anticipate that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of large investors have recently modified their holdings of SEI. Cullen Frost Bankers Inc. bought a new stake in Solaris Energy Infrastructure in the 4th quarter worth approximately $28,000. Signaturefd LLC grew its position in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure during the third quarter valued at approximately $31,000. Larson Financial Group LLC raised its stake in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after acquiring an additional 255 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

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.