Solaris Energy Infrastructure (NYSE:SEI) Raised to “Hold” at Zacks Research

Solaris Energy Infrastructure (NYSE:SEI) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Barclays lifted their price target on shares of Solaris Energy Infrastructure from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average target price of $57.10.

Solaris Energy Infrastructure Price Performance

NYSE:SEI opened at $52.18 on Thursday. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. The firm has a market cap of $3.57 billion, a PE ratio of 73.49 and a beta of 1.13. Solaris Energy Infrastructure has a 12 month low of $14.27 and a 12 month high of $61.36. The company’s 50-day moving average price is $52.72 and its two-hundred day moving average price is $47.05.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%. On average, equities analysts anticipate that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In related news, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the sale, the insider owned 131,152 shares of the company’s stock, valued at approximately $5,852,002.24. This trade represents a 26.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanda M. Brock purchased 3,669 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $40.89 per share, with a total value of $150,025.41. Following the transaction, the chief executive officer owned 141,080 shares in the company, valued at approximately $5,768,761.20. The trade was a 2.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its position in Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after acquiring an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp boosted its stake in Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after purchasing an additional 1,116,794 shares during the period. Advent International L.P. acquired a new position in Solaris Energy Infrastructure in the 3rd quarter valued at $40,246,000. Value Aligned Research Advisors LLC bought a new position in Solaris Energy Infrastructure during the fourth quarter worth about $44,864,000. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $35,050,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

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.