Aj Teague Purchases 3,900 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director A. Teague bought 3,900 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average price of $64.21 per share, with a total value of $250,419.00. Following the completion of the acquisition, the director owned 116,865 shares of the company’s stock, valued at $7,503,901.65. This trade represents a 3.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $64.00 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 75.30 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a one year low of $28.43 and a one year high of $86.19. The company has a 50 day moving average price of $58.64 and a 200 day moving average price of $63.81.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The company had revenue of $219.40 million for the quarter. Sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SEI. Morgan Stanley boosted their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Wolfe Research assumed coverage on Solaris Energy Infrastructure in a report on Monday, July 6th. They set an “outperform” rating and a $120.00 target price for the company. Stifel Nicolaus set a $98.00 target price on shares of Solaris Energy Infrastructure in a research report on Friday, August 7th. Finally, Zacks Research lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SEI. Cullen Frost Bankers Inc. acquired a new position in shares of Solaris Energy Infrastructure in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth approximately $31,000. Larson Financial Group LLC grew its position 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 buying an additional 795 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Solaris Energy Infrastructure in the second quarter worth $84,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Solaris Energy Infrastructure by 105.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,205 shares of the company’s stock worth $56,000 after buying an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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.