GW&K Investment Management LLC Trims Holdings in Solaris Energy Infrastructure, Inc. $SEI

GW&K Investment Management LLC decreased its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,082,458 shares of the company’s stock after selling 95,372 shares during the period. GW&K Investment Management LLC owned 1.58% of Solaris Energy Infrastructure worth $49,761,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SEI. Royal Bank of Canada purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $477,000. AQR Capital Management LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Solaris Energy Infrastructure in the first quarter valued at $396,000. Goldman Sachs Group Inc. purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at $13,714,000. Finally, Strs Ohio purchased a new position in Solaris Energy Infrastructure during the 1st quarter valued at $28,000. 67.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup raised 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. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Barclays raised their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Raymond James Financial reiterated an “outperform” rating and set a $82.00 target price on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Finally, Morgan Stanley increased their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.00.

Insider Activity

In other Solaris Energy Infrastructure news, Director Ray N. Walker, Jr. sold 56,841 shares of Solaris Energy Infrastructure stock in a transaction on Friday, May 8th. The stock was sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the completion of the transaction, the director owned 5,760 shares in the company, valued at approximately $415,353.60. The trade was a 90.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of the business’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 completion of the sale, the director directly owned 44,839 shares in the company, valued at $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is currently owned by insiders.

Solaris Energy Infrastructure Stock Down 4.9%

NYSE:SEI opened at $68.70 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The firm’s 50-day moving average price is $68.63 and its 200-day moving average price is $57.76. The company has a market capitalization of $5.05 billion, a PE ratio of 77.19 and a beta of 1.19. Solaris Energy Infrastructure, Inc. has a 1-year low of $24.57 and a 1-year high of $81.24.

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 analysts’ consensus estimates of $0.26 by $0.18. The company had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. On average, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.26 EPS for the current fiscal year.

Solaris Energy Infrastructure Company Profile

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.