Analysts Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Price Target at $53.70

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received a consensus rating of “Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $55.1111.

SEI has been the subject of a number of recent analyst reports. Morgan Stanley started coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price for the company. Northland Securities set a $70.00 price objective on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. Finally, Piper Sandler lifted their price target on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, insider Cynthia M. Durrett sold 47,011 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the completion of the sale, the insider directly owned 131,152 shares in the company, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amanda M. Brock purchased 3,669 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $40.89 per share, for a total transaction of $150,025.41. Following the purchase, the chief executive officer owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. This trade represents a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 2,164,094 shares of company stock worth $108,255,773 over the last quarter. Insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently modified their holdings of SEI. Vanguard Group Inc. boosted its stake in shares of Solaris Energy Infrastructure by 9.2% during the third quarter. Vanguard Group Inc. now owns 2,664,870 shares of the company’s stock valued at $106,515,000 after purchasing an additional 224,021 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Solaris Energy Infrastructure by 11.8% during the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock worth $42,569,000 after buying an additional 158,338 shares during the period. Van ECK Associates Corp lifted its holdings in Solaris Energy Infrastructure by 623.5% during the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after buying an additional 1,116,794 shares during the period. GW&K Investment Management LLC boosted its position in Solaris Energy Infrastructure by 12.5% during the 3rd quarter. GW&K Investment Management LLC now owns 1,177,830 shares of the company’s stock valued at $47,078,000 after acquiring an additional 130,975 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Solaris Energy Infrastructure by 88.9% in the 3rd quarter. Two Sigma Investments LP now owns 1,007,320 shares of the company’s stock valued at $40,263,000 after acquiring an additional 474,087 shares during the period. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Down 0.2%

Shares of NYSE:SEI opened at $56.86 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The business has a 50 day simple moving average of $49.00 and a two-hundred day simple moving average of $41.53. Solaris Energy Infrastructure has a 1 year low of $14.27 and a 1 year high of $59.80. The firm has a market capitalization of $3.89 billion, a PE ratio of 60.49 and a beta of 1.12.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $166.84 million during the quarter, compared to analyst estimates of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. On average, equities analysts predict that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

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.