Solaris Energy Infrastructure, Inc. $SEI Stock Holdings Lessened by Ritholtz Wealth Management

Ritholtz Wealth Management cut its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 14.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 87,369 shares of the company’s stock after selling 15,282 shares during the period. Ritholtz Wealth Management’s holdings in Solaris Energy Infrastructure were worth $4,937,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SEI. Royal Bank of Canada bought a new position in Solaris Energy Infrastructure in the first quarter worth about $477,000. AQR Capital Management LLC bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $396,000. Goldman Sachs Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $13,714,000. Finally, Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SEI. Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a research report on Friday, June 12th. Citigroup raised their target price on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Stifel Nicolaus boosted their price target on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. 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 report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Insider Buying and Selling

In related news, Director Laurie H. Argo sold 5,200 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the sale, the director owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher M. Powell sold 36,852 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider directly owned 114,117 shares of the company’s stock, valued at $8,516,551.71. The trade was a 24.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. Company insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE SEI opened at $79.15 on Friday. Solaris Energy Infrastructure, Inc. has a 12-month low of $24.57 and a 12-month high of $86.19. The company has a market cap of $5.82 billion, a PE ratio of 88.93 and a beta of 1.19. The stock has a 50 day simple moving average of $73.36 and a 200-day simple moving average of $60.25. 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 posted its earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.26 by $0.18. The firm had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. On average, equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 EPS for the current year.

Solaris Energy Infrastructure 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.