Solaris Energy Infrastructure (NYSE:SEI) Shares Up 14.7% – Still a Buy?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s stock price was up 14.7% on Thursday . The stock traded as high as $50.26 and last traded at $49.81. 826,502 shares changed hands during trading, a decline of 70% from the average daily volume of 2,734,696 shares. The stock had previously closed at $43.42.

Analyst Ratings Changes

Several brokerages recently issued reports on SEI. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a report on Friday, June 12th. Wolfe Research assumed coverage on Solaris Energy Infrastructure in a report on Monday, July 6th. They issued an “outperform” rating and a $120.00 price target for the company. Barclays increased 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 report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Nine research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.25.

Solaris Energy Infrastructure Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $69.81 and a 200 day moving average of $63.12. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 57.82 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share (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. As a group, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, CAO Christopher P. Wirtz sold 700 shares of the firm’s 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 completion of the sale, the chief accounting officer owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the sale, the director owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This trade represents a 10.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,099,593 shares of company stock valued at $156,282,099. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of SEI. Maxi Investments CY Ltd acquired a new stake in Solaris Energy Infrastructure during the fourth quarter valued at approximately $4,765,000. Situational Awareness LP grew its position in shares of Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after acquiring an additional 716,200 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Solaris Energy Infrastructure by 2,120.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after acquiring an additional 1,400,311 shares in the last quarter. Dockside LLC bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at approximately $3,803,000. Finally, Vanguard Group Inc. increased its holdings in shares of Solaris Energy Infrastructure by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after acquiring an additional 248,762 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

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.