Maxi Investments CY Ltd Acquires Shares of 103,650 Solaris Energy Infrastructure, Inc. $SEI

Maxi Investments CY Ltd acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 103,650 shares of the company’s stock, valued at approximately $4,765,000.

Other hedge funds have also recently modified their holdings of the company. Farmers Trust Co. boosted its position in shares of Solaris Energy Infrastructure by 3.2% during the fourth quarter. Farmers Trust Co. now owns 6,450 shares of the company’s stock worth $297,000 after acquiring an additional 200 shares during the last quarter. Assetmark Inc. grew its stake in Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after acquiring an additional 255 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings 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 during the last quarter. Legal & General Group Plc grew its position in shares of Solaris Energy Infrastructure by 1.1% during the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after purchasing an additional 391 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Solaris Energy Infrastructure by 3.3% in the second quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock worth $355,000 after purchasing an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SEI. Citigroup increased their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday. Piper Sandler increased their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. UBS Group set a $65.00 price target on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Finally, Wells Fargo & Company upped their price target on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.18.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $70.75, for a total transaction of $141,500,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.50, for a total transaction of $149,000,000.00. The SEC filing for this sale provides additional information. 20.23% of the stock is owned by company insiders.

Solaris Energy Infrastructure Trading Down 5.8%

Shares of NYSE SEI opened at $72.96 on Friday. Solaris Energy Infrastructure, Inc. has a 1-year low of $21.22 and a 1-year high of $81.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 2.87. The business’s 50 day moving average is $60.72 and its two-hundred day moving average is $53.96. The stock has a market capitalization of $5.00 billion, a P/E ratio of 81.98 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 (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.18. The business had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. As a group, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current year.

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.