Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Average Rating of “Moderate Buy” from Brokerages

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has received an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $79.10.

Several equities analysts have recently issued reports on SEI shares. Glj Research started coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 price target on the stock. Morgan Stanley reiterated an “overweight” rating and set a $81.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, April 27th. Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Barclays raised their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus raised their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th.

Solaris Energy Infrastructure Stock Down 5.3%

Shares of SEI stock opened at $71.39 on Thursday. Solaris Energy Infrastructure has a 1 year low of $24.57 and a 1 year high of $81.24. The stock has a market cap of $4.89 billion, a PE ratio of 80.21 and a beta of 1.25. The business’s fifty day moving average is $67.10 and its 200-day moving average is $56.25. 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 (NYSE:SEI) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The company had revenue of $196.24 million for the quarter. Equities analysts expect that Solaris Energy Infrastructure will post 1.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, insider Christopher M. Powell sold 36,852 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider directly owned 114,117 shares of the company’s stock, valued at $8,516,551.71. This trade represents a 24.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laurie H. Argo sold 5,200 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director directly owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Large investors have recently modified their holdings of the stock. CenterBook Partners LP boosted its stake in shares of Solaris Energy Infrastructure by 513.1% during the 3rd quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after acquiring an additional 347,693 shares in the last quarter. Advent International L.P. bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter worth $40,246,000. AGF Management Ltd. bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter worth $6,613,000. Ranger Investment Management L.P. acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter worth $17,033,000. Finally, Mercuria Capital Strategies LLC acquired a new stake in shares of Solaris Energy Infrastructure in the third quarter worth $3,398,000. 67.44% of the stock is owned by institutional investors.

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.