Havemeyer Place LP Makes New $798,000 Investment in Solaris Energy Infrastructure, Inc. $SEI

Havemeyer Place LP acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,351 shares of the company’s stock, valued at approximately $798,000.

Several other large investors have also recently bought and sold shares of SEI. Royal Bank of Canada acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $477,000. AQR Capital Management LLC acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $396,000. Goldman Sachs Group Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $13,714,000. Finally, Strs Ohio acquired a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SEI shares. Morgan Stanley increased their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Piper Sandler increased their price target on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Citigroup increased their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Glj Research started coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

Solaris Energy Infrastructure Price Performance

SEI opened at $72.34 on Tuesday. 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 12 month low of $24.57 and a 12 month high of $81.24. The company has a fifty day simple moving average of $68.42 and a 200 day simple moving average of $57.59. The stock has a market cap of $5.32 billion, a P/E ratio of 81.28 and a beta of 1.19.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $196.24 million during the quarter. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.26 EPS for the current year.

Insiders Place Their Bets

In other news, Director Aj Teague acquired 2,750 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $72.98 per share, for a total transaction of $200,695.00. Following the transaction, the director directly owned 11,060 shares in the company, valued at approximately $807,158.80. This represents a 33.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laurie H. Argo sold 5,200 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the sale, the director owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,099,593 shares of company stock worth $297,782,099 over the last 90 days. 20.23% of the stock is currently owned by corporate 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.