Solaris Energy Infrastructure (NYSE:SEI) Shares Up 4.7% – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares were up 4.7% during mid-day trading on Friday . The stock traded as high as $72.47 and last traded at $71.46. 592,288 shares were traded during mid-day trading, a decline of 77% from the average session volume of 2,588,592 shares. The stock had previously closed at $68.26.

Analysts Set New Price Targets

A number of research firms have weighed in on SEI. Citigroup upped their price objective on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Needham & Company LLC assumed coverage on Solaris Energy Infrastructure in a research report on Monday, June 29th. They issued a “buy” rating and a $97.00 price objective for the company. Raymond James Financial restated an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Finally, 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. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.25.

Solaris Energy Infrastructure Trading Up 3.6%

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 business has a fifty day moving average price of $73.86 and a 200 day moving average price of $61.86. The firm has a market cap of $5.20 billion, a PE ratio of 79.44 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data 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 during the quarter. Analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher M. Powell sold 36,852 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the transaction, the insider owned 114,117 shares of the company’s stock, valued at approximately $8,516,551.71. The trade was a 24.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after purchasing an additional 248,762 shares during the last quarter. Situational Awareness LP grew its holdings in shares of Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after purchasing an additional 716,200 shares during the period. Principal Financial Group Inc. increased its holdings in Solaris Energy Infrastructure by 2,120.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after purchasing an additional 1,400,311 shares in the last quarter. Advent International L.P. lifted its position in Solaris Energy Infrastructure by 25.5% during the 4th quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock worth $58,097,000 after acquiring an additional 256,909 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Solaris Energy Infrastructure by 215.1% in the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after buying an additional 805,319 shares during the last quarter. 67.44% of the stock is currently owned by hedge funds and other 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.