Sei Investments Co. Purchases 123,578 Shares of Solaris Energy Infrastructure, Inc. $SEI

Sei Investments Co. boosted its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 89.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 261,807 shares of the company’s stock after acquiring an additional 123,578 shares during the quarter. Sei Investments Co.’s holdings in Solaris Energy Infrastructure were worth $14,795,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cullen Frost Bankers Inc. bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at $28,000. Signaturefd LLC increased its position in shares of Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after acquiring an additional 476 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth about $31,000. Larson Financial Group LLC raised its holdings in shares of Solaris Energy Infrastructure by 363.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Solaris Energy Infrastructure by 105.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,205 shares of the company’s stock valued at $56,000 after acquiring an additional 619 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Insider Transactions at Solaris Energy Infrastructure

In related news, insider Christopher M. Powell sold 36,852 shares of Solaris Energy Infrastructure stock in a transaction on 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 sale, the insider directly owned 114,117 shares in the company, valued at approximately $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total value of $149,000,000.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,099,593 shares of company stock worth $156,282,099. 20.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SEI. Barclays lifted their price target on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler raised their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Wolfe Research started coverage on Solaris Energy Infrastructure in a research report on Monday, July 6th. They set an “outperform” rating and a $120.00 target price on the stock. Northland Securities set a $104.00 price target on Solaris Energy Infrastructure in a report on Friday, June 12th. Finally, Citigroup upped their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Nine equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.25.

Solaris Energy Infrastructure Stock Up 17.7%

Solaris Energy Infrastructure stock opened at $51.10 on Friday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $86.19. 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’s 50-day simple moving average is $69.37 and its 200 day simple moving average is $63.10. The stock has a market cap of $3.76 billion, a PE ratio of 57.42 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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $196.24 million during the quarter. Research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.01 EPS for the current fiscal year.

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.