Solaris Energy Infrastructure (NYSE:SEI) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Solaris Energy Infrastructure (NYSE:SEI) from a sell rating to a strong sell rating in a research note issued to investors on Saturday morning.

A number of other research firms also recently commented on SEI. Northland Securities set a $104.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, June 12th. Citigroup raised their price target 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Morgan Stanley raised their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, Wells Fargo & Company upgraded Solaris Energy Infrastructure from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $82.00 to $73.00 in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of “Moderate Buy” and an average price target of $86.00.

Solaris Energy Infrastructure Stock Up 1.4%

NYSE:SEI opened at $57.81 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 68.01 and a beta of 1.23. Solaris Energy Infrastructure has a one year low of $24.57 and a one year high of $86.19. The stock has a 50-day simple moving average of $67.40 and a 200 day simple moving average of $63.13.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The company had revenue of $219.40 million for the quarter. Solaris Energy Infrastructure had a return on equity of 14.08% and a net margin of 7.19%. Sell-side analysts predict that Solaris Energy Infrastructure will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, CAO Christopher P. Wirtz sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total value of $54,054.00. Following the completion of the sale, the chief accounting officer directly owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the transaction, the director owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 42,752 shares of company stock valued at $3,183,295 in the last ninety days. Company insiders own 20.23% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after buying an additional 476 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Solaris Energy Infrastructure during the fourth quarter worth about $28,000. Strs Ohio acquired a new position in Solaris Energy Infrastructure during the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Solaris Energy Infrastructure in the third quarter worth about $31,000. Finally, Larson Financial Group LLC lifted its holdings 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 valued at $41,000 after acquiring an additional 795 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.