CenterBook Partners LP Reduces Stake in Solaris Energy Infrastructure, Inc. $SEI

CenterBook Partners LP decreased its stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 14.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 356,472 shares of the company’s stock after selling 58,981 shares during the period. Solaris Energy Infrastructure accounts for 0.8% of CenterBook Partners LP’s investment portfolio, making the stock its 22nd largest position. CenterBook Partners LP’s holdings in Solaris Energy Infrastructure were worth $16,387,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in Solaris Energy Infrastructure in the 4th quarter worth about $28,000. Signaturefd LLC increased its stake in Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $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 in the 3rd quarter worth about $31,000. Larson Financial Group LLC increased its stake 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 worth $41,000 after acquiring an additional 795 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Solaris Energy Infrastructure by 29.1% in the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after acquiring an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock opened at $69.43 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $5.11 billion, a PE ratio of 78.01 and a beta of 1.19. The business’s 50-day moving average price is $68.17 and its 200-day moving average price is $57.39. Solaris Energy Infrastructure, Inc. has a 12 month low of $24.57 and a 12 month high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.26 by $0.18. The firm 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%. Sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.26 EPS for the current fiscal year.

Analyst Ratings Changes

SEI has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Northland Securities set a $86.00 target price on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Glj Research initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price on the stock. Piper Sandler upped their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, Raymond James Financial restated an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.00.

Insider Activity

In other news, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the transaction, the director directly owned 44,839 shares in the company, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $70.75, for a total value of $141,500,000.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by insiders.

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.