Brokerages Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Price Target at $86.25

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $86.25.

SEI has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective 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. Wolfe Research assumed coverage on shares of Solaris Energy Infrastructure in a research note on Monday, July 6th. They set an “outperform” rating and a $120.00 target price on the stock. Piper Sandler boosted their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Stifel Nicolaus upped their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a research note on Friday, June 12th.

Solaris Energy Infrastructure Stock Up 3.5%

NYSE:SEI opened at $69.52 on Friday. The company’s fifty day moving average price is $73.61 and its 200-day moving average price is $62.38. The firm has a market capitalization of $5.11 billion, a P/E ratio of 78.11 and a beta of 1.17. Solaris Energy Infrastructure has a 1-year low of $24.57 and a 1-year high of $86.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data 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 business had revenue of $196.24 million during the quarter. As a group, equities research analysts anticipate that Solaris Energy Infrastructure will post 1.09 EPS for the current year.

Insider Activity at Solaris Energy Infrastructure

In other news, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $4,098,804.51. Following the completion of the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $70.75, for a total transaction of $141,500,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold 4,099,593 shares of company stock valued at $297,782,099 over the last ninety days. 20.23% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after buying an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Solaris Energy Infrastructure during the fourth quarter worth approximately $28,000. Strs Ohio purchased a new position in Solaris Energy Infrastructure during the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure in the 3rd quarter valued at about $31,000. Finally, Larson Financial Group LLC raised its stake in shares of 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 purchasing an additional 795 shares during the last quarter. Hedge funds and other 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.