Royce & Associates LP Has $15.26 Million Stock Holdings in Solaris Energy Infrastructure, Inc. $SEI

Royce & Associates LP cut its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,965 shares of the company’s stock after selling 162,603 shares during the quarter. Royce & Associates LP’s holdings in Solaris Energy Infrastructure were worth $15,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SEI. Principal Financial Group Inc. increased its stake in shares of Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after acquiring an additional 1,400,311 shares during the last quarter. Van ECK Associates Corp increased its stake 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 worth $51,797,000 after acquiring an additional 1,116,794 shares during the last quarter. Advent International L.P. acquired a new position in shares of Solaris Energy Infrastructure in the third quarter worth $40,246,000. Ceredex Value Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure in the third quarter worth $35,050,000. Finally, Goodlander Investment Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the second quarter worth $19,803,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SEI has been the topic of a number of research reports. Barclays upped their price target on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler increased their target price on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. 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. Morgan Stanley reissued an “overweight” rating and set a $81.00 target price on shares of Solaris Energy Infrastructure in a research report on Monday, April 27th. Finally, Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Insider Buying and Selling

In other news, insider Christopher M. Powell sold 36,852 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $74.63, for a total value of $2,750,264.76. Following the sale, the insider directly owned 114,117 shares of the company’s stock, valued at approximately $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $4,098,804.51. Following the completion of the sale, the director directly owned 5,760 shares in the company, valued at approximately $415,353.60. This represents a 90.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,099,593 shares of company stock valued at $297,782,099 in the last quarter. Insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Trading Up 1.5%

Shares of NYSE:SEI opened at $75.42 on Wednesday. The company has a market cap of $5.16 billion, a P/E ratio of 84.74 and a beta of 1.25. The stock’s 50-day moving average is $66.82 and its 200-day moving average is $56.12. Solaris Energy Infrastructure, Inc. has a 52-week low of $24.57 and a 52-week high of $81.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results 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 company had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. Equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Solaris Energy Infrastructure 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.