Barclays Raises Solaris Energy Infrastructure (NYSE:SEI) Price Target to $74.00

Solaris Energy Infrastructure (NYSE:SEI) had its price target boosted by analysts at Barclays from $63.00 to $74.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 12.94% from the stock’s current price.

SEI has been the topic of a number of other research reports. Citigroup lowered their target price on Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. UBS Group set a $65.00 price objective on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Glj Research assumed coverage on shares of 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. Finally, Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $58.20.

Solaris Energy Infrastructure Stock Performance

SEI stock traded up $8.53 during mid-day trading on Tuesday, reaching $65.52. 2,688,514 shares of the stock traded hands, compared to its average volume of 2,811,341. The firm has a market capitalization of $4.49 billion, a PE ratio of 92.28 and a beta of 1.13. The business has a 50-day moving average of $52.81 and a two-hundred day moving average of $47.47. Solaris Energy Infrastructure has a 52 week low of $14.27 and a 52 week high of $66.66. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37.

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

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, insider Cynthia M. Durrett sold 47,011 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were 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 $5,852,002.24. The trade was a 26.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Aj Teague acquired 2,310 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average price of $43.13 per share, with a total value of $99,630.30. Following the purchase, the director owned 106,465 shares in the company, valued at approximately $4,591,835.45. This represents a 2.22% increase in their position. The SEC filing for this purchase provides additional information. 21.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farmers Trust Co. boosted its holdings in Solaris Energy Infrastructure by 3.2% during the fourth quarter. Farmers Trust Co. now owns 6,450 shares of the company’s stock valued at $297,000 after purchasing an additional 200 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Solaris Energy Infrastructure by 5.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock worth $180,000 after buying an additional 205 shares in the last quarter. Assetmark Inc. lifted its position in shares of Solaris Energy Infrastructure by 29.1% during the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after buying an additional 255 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Solaris Energy Infrastructure by 2.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock worth $436,000 after buying an additional 295 shares during the period. Finally, Legal & General Group Plc boosted its stake in Solaris Energy Infrastructure by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after buying an additional 391 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

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.