Triglav Investments D.O.O. Buys Shares of 7,265 Solaris Energy Infrastructure, Inc. $SEI

Triglav Investments D.O.O. purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 1st quarter, Holdings Channel reports. The fund purchased 7,265 shares of the company’s stock, valued at approximately $411,000.

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

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 dated Thursday, April 30th. The stock was sold at an average price of $70.75, for a total transaction of $141,500,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher M. Powell sold 36,852 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $74.63, for a total value of $2,750,264.76. Following the sale, the insider directly owned 114,117 shares in the company, valued at $8,516,551.71. This trade represents a 24.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Trading Up 0.2%

Shares of Solaris Energy Infrastructure stock opened at $71.68 on Monday. The company has a market capitalization of $5.27 billion, a P/E ratio of 80.54 and a beta of 1.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The company has a fifty day moving average of $73.86 and a 200 day moving average of $62.05. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The business had revenue of $196.24 million for the quarter. On average, sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on SEI shares. Morgan Stanley upped their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Stifel Nicolaus increased their target price on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Barclays increased their target price on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.25.

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.