47,500 Shares in Solaris Energy Infrastructure, Inc. $SEI Purchased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,500 shares of the company’s stock, valued at approximately $2,684,000.

Several other large investors have also recently added to or reduced their stakes in SEI. Vanguard Group Inc. grew its holdings in shares of Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after purchasing an additional 248,762 shares in the last quarter. Situational Awareness LP increased its position in shares of Solaris Energy Infrastructure by 62.3% during the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares during the period. Principal Financial Group Inc. raised its stake in shares of Solaris Energy Infrastructure by 2,120.7% in 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 in the last quarter. Advent International L.P. raised its stake in shares of Solaris Energy Infrastructure by 25.5% in the fourth quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock valued at $58,097,000 after purchasing an additional 256,909 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Solaris Energy Infrastructure by 12.3% in the fourth quarter. Geode Capital Management LLC now owns 1,023,173 shares of the company’s stock worth $47,043,000 after purchasing an additional 111,971 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, insider Christopher M. Powell sold 36,852 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 114,117 shares in the company, valued at approximately $8,516,551.71. This trade represents a 24.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ray N. Walker, Jr. sold 56,841 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the completion of the transaction, the director directly owned 5,760 shares of the company’s stock, valued at approximately $415,353.60. This represents a 90.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,099,593 shares of company stock worth $297,782,099 over the last quarter. Corporate insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $69.52 on Wednesday. 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 firm has a market cap of $5.11 billion, a P/E ratio of 78.11 and a beta of 1.17. The business’s fifty day moving average is $73.61 and its two-hundred day moving average is $62.38. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate 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 company had revenue of $196.24 million for the quarter. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Morgan Stanley increased their price objective 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. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Piper Sandler raised their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Citigroup lifted their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.

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.