Coldstream Capital Management Inc. Sells 9,171 Shares of Solaris Energy Infrastructure, Inc. $SEI

Coldstream Capital Management Inc. reduced its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 60.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,892 shares of the company’s stock after selling 9,171 shares during the period. Coldstream Capital Management Inc.’s holdings in Solaris Energy Infrastructure were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Solaris Energy Infrastructure by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after acquiring an additional 248,762 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 valued at $67,408,000 after purchasing an additional 1,400,311 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Solaris Energy Infrastructure by 623.5% during the third 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 last quarter. GW&K Investment Management LLC boosted its position in Solaris Energy Infrastructure by 12.5% during the third quarter. GW&K Investment Management LLC now owns 1,177,830 shares of the company’s stock worth $47,078,000 after purchasing an additional 130,975 shares during the period. Finally, Two Sigma Investments LP boosted its position in Solaris Energy Infrastructure by 88.9% during the third quarter. Two Sigma Investments LP now owns 1,007,320 shares of the company’s stock worth $40,263,000 after purchasing an additional 474,087 shares during the period. 67.44% of the stock is currently owned by institutional investors.

Insider Transactions at Solaris Energy Infrastructure

In related news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $70.75, for a total value of $141,500,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ray N. Walker, Jr. sold 56,841 shares of Solaris Energy Infrastructure stock in a transaction on Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $4,098,804.51. Following the sale, the director directly owned 5,760 shares of the company’s stock, valued at $415,353.60. This represents a 90.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Glj Research began coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. Northland Securities set a $86.00 price objective on shares of Solaris Energy Infrastructure in a report on Thursday, April 30th. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup increased their target price on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Wells Fargo & Company raised their price target on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Solaris Energy Infrastructure Trading Up 1.5%

Shares of Solaris Energy Infrastructure stock opened at $69.71 on Friday. The company’s 50-day moving average price is $67.24 and its 200-day moving average price is $56.47. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. Solaris Energy Infrastructure, Inc. has a 12-month low of $24.57 and a 12-month high of $81.24. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 78.33 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.26 by $0.18. The company had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. On average, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.

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.