Clough Capital Partners L P Lowers Stake in Solaris Energy Infrastructure, Inc. $SEI

Clough Capital Partners L P cut its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 33.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,476 shares of the company’s stock after selling 16,456 shares during the period. Clough Capital Partners L P’s holdings in Solaris Energy Infrastructure were worth $1,835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SEI. Vanguard Group Inc. boosted its position in Solaris Energy Infrastructure by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after purchasing an additional 248,762 shares in the last quarter. Situational Awareness LP increased its position in shares of Solaris Energy Infrastructure by 62.3% in the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after buying an additional 716,200 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Solaris Energy Infrastructure by 2,120.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after buying an additional 1,400,311 shares during the period. Advent International L.P. raised its stake in shares of Solaris Energy Infrastructure by 25.5% during the 4th quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock worth $58,097,000 after buying an additional 256,909 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Solaris Energy Infrastructure by 215.1% during the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after buying an additional 805,319 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of NYSE SEI opened at $54.14 on Monday. The firm has a 50-day simple moving average of $71.27 and a 200-day simple moving average of $63.20. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 60.83 and a beta of 1.17. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results 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 firm had revenue of $196.24 million for the quarter. On average, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on SEI. Wells Fargo & Company boosted their price target on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Wolfe Research initiated coverage on shares of Solaris Energy Infrastructure in a report on Monday, July 6th. They set an “outperform” rating and a $120.00 price objective on the stock. Zacks Research lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Needham & Company LLC assumed coverage on shares of Solaris Energy Infrastructure in a research note on Monday, June 29th. They set a “buy” rating and a $97.00 target price for the company. Finally, Morgan Stanley upped their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. 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 stock. According to MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average price target of $86.25.

Insiders Place Their Bets

In other news, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the completion of the sale, the director owned 5,760 shares in the company, valued at $415,353.60. This trade represents a 90.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher M. Powell sold 36,852 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Monday, May 11th. The shares were 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. The trade was a 24.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by company insiders.

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.