Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Vestcor Inc

Vestcor Inc trimmed its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 79.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,600 shares of the company’s stock after selling 26,100 shares during the period. Vestcor Inc’s holdings in Solaris Energy Infrastructure were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SEI. Royal Bank of Canada acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $477,000. AQR Capital Management LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $396,000. Goldman Sachs Group Inc. acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $13,714,000. Finally, Strs Ohio acquired a new position in Solaris Energy Infrastructure during the 1st quarter valued at about $28,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Aj Teague bought 2,750 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $72.98 per share, with a total value of $200,695.00. Following the completion of the purchase, the director directly owned 11,060 shares in the company, valued at approximately $807,158.80. This trade represents a 33.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CAO Christopher P. Wirtz sold 700 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 4,099,593 shares of company stock valued at $297,782,099. Corporate insiders own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Glj Research initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target for the company. Stifel Nicolaus upped their price target on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Barclays upped their price target on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.00.

Solaris Energy Infrastructure Trading Down 4.9%

Shares of NYSE:SEI opened at $68.70 on Wednesday. The company has a 50 day moving average of $68.63 and a 200-day moving average of $57.76. The firm has a market cap of $5.05 billion, a P/E ratio of 77.19 and a beta of 1.19. Solaris Energy Infrastructure, Inc. has a twelve month low of $24.57 and a twelve month high of $81.24. 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 (NYSE:SEI) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $196.24 million during the quarter. As a group, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.26 earnings per share for the current fiscal year.

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.