Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives $87.17 Average Target Price from Brokerages

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $87.1667.

Several research analysts have commented on SEI shares. Wolfe Research began coverage on Solaris Energy Infrastructure in a research report on Monday, July 6th. They issued an “outperform” rating and a $120.00 price target on the stock. Barclays raised their price objective on shares of Solaris Energy Infrastructure from $86.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. 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 report on Tuesday, May 5th. Morgan Stanley upped their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings downgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 11th.

Solaris Energy Infrastructure Stock Up 1.6%

Solaris Energy Infrastructure stock opened at $50.68 on Friday. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 59.62 and a beta of 1.23. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. Solaris Energy Infrastructure has a fifty-two week low of $24.57 and a fifty-two week high of $86.19. The firm has a fifty day moving average price of $61.58 and a two-hundred day moving average price of $63.53.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%.The business had revenue of $219.40 million during the quarter. As a group, analysts forecast that Solaris Energy Infrastructure will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several hedge funds have recently made changes to their positions in SEI. Creative Financial Designs Inc. ADV grew its position in Solaris Energy Infrastructure by 5.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock worth $180,000 after buying an additional 205 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Solaris Energy Infrastructure by 4.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company’s stock valued at $572,000 after acquiring an additional 300 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Solaris Energy Infrastructure by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock worth $1,467,000 after acquiring an additional 391 shares during the period. Cerity Partners LLC lifted its position in shares of Solaris Energy Infrastructure by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock worth $355,000 after acquiring an additional 397 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Solaris Energy Infrastructure by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock worth $913,000 after purchasing an additional 454 shares in the last quarter. Institutional investors own 67.44% 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.