Christopher Wirtz Sells 700 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) CAO Christopher Wirtz sold 700 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total transaction of $54,054.00. Following the completion of the transaction, the chief accounting officer owned 36,085 shares in the company, valued at $2,786,483.70. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Solaris Energy Infrastructure Stock Up 1.0%

SEI opened at $77.99 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. 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 $5.34 billion, a PE ratio of 87.63 and a beta of 1.25. The firm’s 50 day simple moving average is $63.26 and its two-hundred day simple moving average is $54.90.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The business had revenue of $196.24 million for the quarter. As a group, equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on SEI. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Wells Fargo & Company increased their price target on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Stifel Nicolaus increased their price target on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.10.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of SEI. Signaturefd LLC increased its holdings in Solaris Energy Infrastructure by 344.9% in the 4th 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. Cullen Frost Bankers Inc. bought a new stake in Solaris Energy Infrastructure in the 4th quarter valued at $28,000. Strs Ohio bought a new stake in Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Solaris Energy Infrastructure in the 3rd quarter valued at $31,000. Finally, Larson Financial Group LLC increased its holdings in Solaris Energy Infrastructure by 363.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares during the last quarter. 67.44% of the stock is currently owned by 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.