Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Clough Capital Partners L P

Clough Capital Partners L P trimmed its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 33.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 32,476 shares of the company’s stock after selling 16,456 shares during the period. Clough Capital Partners L P’s holdings in Solaris Energy Infrastructure were worth $1,835,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in 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 valued at $67,408,000 after purchasing an additional 1,400,311 shares during the period. Value Aligned Research Advisors LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at $44,864,000. Jennison Associates LLC lifted its stake in Solaris Energy Infrastructure by 215.1% during the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock worth $66,667,000 after acquiring an additional 805,319 shares in the last quarter. Valiant Capital Management L.P. acquired a new position in Solaris Energy Infrastructure during the 4th quarter worth about $33,765,000. Finally, Situational Awareness LP lifted its position in shares of Solaris Energy Infrastructure by 62.3% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Up 0.2%

Shares of Solaris Energy Infrastructure stock opened at $54.14 on Monday. The company has a fifty day simple moving average of $71.27 and a 200-day simple moving average of $63.20. Solaris Energy Infrastructure, Inc. has a 12-month low of $24.57 and a 12-month high of $86.19. 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 stock has a market cap of $3.98 billion, a price-to-earnings ratio of 60.83 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.44 EPS 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 firm had revenue of $196.24 million for the quarter. On average, equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of Solaris Energy Infrastructure stock in a transaction dated 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 SEC, which is accessible through the SEC website. Also, Director Laurie H. Argo sold 5,200 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the sale, the director directly owned 44,839 shares of the company’s stock, valued at $3,267,866.32. The trade was a 10.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,099,593 shares of company stock valued at $297,782,099 over the last ninety days. Company insiders own 20.23% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Zacks Research cut shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Piper Sandler upped their price objective 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. Wells Fargo & Company increased their price objective on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Finally, Needham & Company LLC initiated coverage on shares of Solaris Energy Infrastructure in a research report on Monday, June 29th. They set a “buy” rating and a $97.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.

About Solaris Energy Infrastructure

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.