M&T Bank Corp Takes $643,000 Position in Solaris Energy Infrastructure, Inc. $SEI

M&T Bank Corp acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,995 shares of the company’s stock, valued at approximately $643,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SEI. Van ECK Associates Corp boosted its stake in Solaris Energy Infrastructure by 623.5% during the 3rd 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 during the last quarter. Advent International L.P. bought a new position in Solaris Energy Infrastructure during the 3rd quarter worth approximately $40,246,000. Ceredex Value Advisors LLC bought a new position in Solaris Energy Infrastructure during the 3rd quarter worth approximately $35,050,000. Goodlander Investment Management LLC bought a new position in Solaris Energy Infrastructure during the 2nd quarter worth approximately $19,803,000. Finally, Honeycomb Asset Management LP bought a new position in Solaris Energy Infrastructure during the 2nd quarter worth approximately $19,011,000. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

Shares of SEI opened at $72.43 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96. Solaris Energy Infrastructure, Inc. has a twelve month low of $21.22 and a twelve month high of $81.24. The firm’s 50 day moving average price is $59.26 and its two-hundred day moving average price is $53.47. The firm has a market cap of $4.96 billion, a P/E ratio of 81.38 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 14.48%. The firm had revenue of $196.24 million for the quarter. On average, analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SEI shares. Wells Fargo & Company lifted 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 note on Wednesday. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday. Northland Securities set a $86.00 price objective on shares of Solaris Energy Infrastructure in a research note on Thursday. Stifel Nicolaus lifted their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.09.

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.