Keystone Investors PTE Ltd. Acquires New Position in Solaris Energy Infrastructure, Inc. $SEI

Keystone Investors PTE Ltd. acquired a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,476 shares of the company’s stock, valued at approximately $895,000.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth $28,000. Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Solaris Energy Infrastructure during the third quarter worth $31,000. Finally, Larson Financial Group LLC grew its stake in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after buying an additional 795 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SEI. Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company boosted their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Morgan Stanley boosted their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Finally, Glj Research began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, March 5th. They set a “buy” rating and a $60.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $73.88 on Friday. The stock has a market cap of $5.43 billion, a PE ratio of 83.01 and a beta of 1.19. The firm’s fifty day moving average price is $69.70 and its two-hundred day moving average price is $58.30. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping 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 company had revenue of $196.24 million for the quarter. On average, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 1.26 EPS for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director W Howard Keenan, Jr. sold 2,000,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total transaction of $149,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $70.75, for a total value of $141,500,000.00. The SEC filing for this sale provides additional information. Insiders sold 4,099,593 shares of company stock worth $297,782,099 over the last 90 days. Company insiders own 20.23% of the company’s stock.

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.