Brokerages Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Price Target at $56.10

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $56.10.

Several equities research analysts have recently commented on SEI shares. Raymond James Financial reiterated an “outperform” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Zacks Research lowered shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Piper Sandler upped their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Northland Securities set a $70.00 price target on Solaris Energy Infrastructure in a research note on Monday, January 5th. Finally, UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a research note on Tuesday, January 27th.

Insider Buying and Selling

In other news, Director Laurie H. Argo sold 2,300 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the transaction, the director directly owned 50,039 shares in the company, valued at approximately $2,214,225.75. The trade was a 4.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the transaction, the insider directly owned 131,152 shares in the company, valued at $5,852,002.24. The trade was a 26.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Solaris Energy Infrastructure by 2,120.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after buying an additional 1,400,311 shares during the period. Van ECK Associates Corp increased its holdings in shares of Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after acquiring an additional 1,116,794 shares in the last quarter. Advent International L.P. acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth about $40,246,000. Ceredex Value Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth about $35,050,000. Finally, Situational Awareness LP lifted its holdings in shares of Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Solaris Energy Infrastructure stock opened at $51.47 on Tuesday. The business’s 50-day simple moving average is $50.81 and its 200 day simple moving average is $43.86. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 54.76 and a beta of 1.14. Solaris Energy Infrastructure has a 12-month low of $14.27 and a 12-month high of $59.80.

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.