Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Up – What’s Next?

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) gapped up before the market opened on Monday . The stock had previously closed at $67.19, but opened at $71.36. Solaris Energy Infrastructure shares last traded at $70.46, with a volume of 773,396 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SEI. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Wolfe Research began coverage on shares of Solaris Energy Infrastructure in a report on Monday. They set an “outperform” rating and a $120.00 price objective on the stock. Stifel Nicolaus raised their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company upped their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Finally, Citigroup increased their price target on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.25.

Solaris Energy Infrastructure Stock Performance

The firm has a fifty day moving average of $74.31 and a 200-day moving average of $61.21. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The firm has a market cap of $5.09 billion, a P/E ratio of 77.79 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its 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. The company had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. Research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

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 value of $2,750,264.76. Following the transaction, the insider directly owned 114,117 shares in the company, valued at $8,516,551.71. This trade represents a 24.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $4,098,804.51. Following the sale, the director directly owned 5,760 shares of the company’s stock, valued at approximately $415,353.60. This trade represents a 90.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its stake in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter valued at $28,000. Strs Ohio acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Solaris Energy Infrastructure during the 3rd quarter worth $31,000. Finally, Larson Financial Group LLC lifted its holdings in Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 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.