Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Average Recommendation of “Moderate Buy” from Analysts

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $86.00.

Several brokerages have issued reports on SEI. Raymond James Financial reiterated an “outperform” rating and set a $82.00 target price on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Piper Sandler increased their price target 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. Citigroup raised their price objective 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. Northland Securities set a $104.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, June 12th. Finally, Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 17th.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $57.81 on Tuesday. The stock has a market cap of $4.25 billion, a P/E ratio of 68.01 and a beta of 1.23. 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 business’s 50-day moving average price is $67.40 and its two-hundred day moving average price is $63.13. Solaris Energy Infrastructure has a twelve month low of $24.57 and a twelve month high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a return on equity of 14.08% and a net margin of 7.19%. As a group, equities analysts predict that Solaris Energy Infrastructure will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction dated 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 $3,267,866.32. The trade was a 10.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher M. Powell sold 36,852 shares of the 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 transaction, the insider owned 114,117 shares in the company, valued at $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,752 shares of company stock valued at $3,183,295 over the last 90 days. Insiders own 20.23% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SEI. Bank of New York Mellon Corp purchased a new position in shares of Solaris Energy Infrastructure during the second quarter worth approximately $30,881,000. Balefire LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at $223,000. Wealth High Governance Asset Management Ltda. grew its holdings in shares of Solaris Energy Infrastructure by 35.0% during the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 104,336 shares of the company’s stock valued at $5,896,000 after purchasing an additional 27,066 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Solaris Energy Infrastructure by 15.8% during the 1st quarter. Glenmede Trust Co. NA now owns 16,987 shares of the company’s stock valued at $960,000 after purchasing an additional 2,316 shares during the last quarter. Finally, Amundi raised its position in Solaris Energy Infrastructure by 51.7% in the 1st quarter. Amundi now owns 8,497 shares of the company’s stock worth $480,000 after purchasing an additional 2,895 shares during the period. 67.44% of the stock is currently owned by institutional investors.

About Solaris Energy Infrastructure

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.