Solaris Energy Infrastructure (NYSE:SEI) Announces Earnings Results

Solaris Energy Infrastructure (NYSE:SEI) issued its earnings results on Tuesday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11, FiscalAI reports. Solaris Energy Infrastructure had a return on equity of 12.06% and a net margin of 4.81%.The company had revenue of $179.70 million for the quarter.

Solaris Energy Infrastructure Stock Performance

SEI stock traded down $4.92 on Thursday, reaching $50.30. 933,204 shares of the company were exchanged, compared to its average volume of 2,872,695. The firm has a market capitalization of $3.44 billion, a PE ratio of 70.85 and a beta of 1.14. Solaris Energy Infrastructure has a 12 month low of $14.27 and a 12 month high of $61.36. The stock’s fifty day moving average price is $51.41 and its 200 day moving average price is $45.28. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SEI shares. Barclays boosted their price target on Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday. Raymond James Financial reissued an “outperform” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. UBS Group set a $65.00 price objective on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.22.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 2,300 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the sale, the director directly owned 50,039 shares of the company’s stock, valued at $2,214,225.75. This trade represents a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aj Teague bought 2,310 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $43.13 per share, for a total transaction of $99,630.30. Following the acquisition, the director directly owned 106,465 shares of the company’s stock, valued at approximately $4,591,835.45. The trade was a 2.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 21.20% of the stock is owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEI. Assetmark Inc. bought a new position in Solaris Energy Infrastructure during the 2nd quarter worth approximately $25,000. Signaturefd LLC boosted its stake in shares of Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after buying an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Solaris Energy Infrastructure during the fourth quarter valued at approximately $28,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $28,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure during the third quarter worth about $31,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.