SIR Capital Management L.P. Decreases Holdings in Solaris Energy Infrastructure, Inc. $SEI

SIR Capital Management L.P. trimmed its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 78.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 164,959 shares of the company’s stock after selling 598,935 shares during the period. SIR Capital Management L.P.’s holdings in Solaris Energy Infrastructure were worth $7,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SEI. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $28,000. Signaturefd LLC increased its position in shares of Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth about $31,000. Finally, Larson Financial Group LLC increased its position 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 purchasing an additional 795 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Transactions at Solaris Energy Infrastructure

In related news, insider Christopher M. Powell sold 36,852 shares of the business’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 transaction, the insider owned 114,117 shares in the company, valued at $8,516,551.71. The trade was a 24.41% decrease in their position. The sale 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 business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.50, for a total value of $149,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,099,593 shares of company stock worth $297,782,099 over the last three months. 20.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a research report on Friday. Stifel Nicolaus lifted their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Glj Research assumed coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 target price on the stock. Piper Sandler lifted their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company lifted their target price on 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. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $81.80.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $73.88 on Friday. The stock has a market capitalization of $5.43 billion, a PE ratio of 83.01 and a beta of 1.19. Solaris Energy Infrastructure, Inc. has a 52-week low of $24.57 and a 52-week high of $81.24. The stock’s 50-day moving average price is $69.70 and its 200 day moving average price is $58.30. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23.

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 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%. As a group, equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.26 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.