Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives $81.80 Average Target Price from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $81.80.

SEI has been the topic of a number of analyst reports. Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Glj Research began coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. 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. Finally, Morgan Stanley lifted their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th.

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI opened at $82.67 on Monday. Solaris Energy Infrastructure has a twelve month low of $24.57 and a twelve month high of $86.19. The company’s 50 day moving average is $72.07 and its 200 day moving average is $59.46. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The company has a market cap of $6.08 billion, a PE ratio of 92.89 and a beta of 1.19.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Solaris Energy Infrastructure will post 1.09 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Ray N. Walker, Jr. sold 56,841 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 5,760 shares in the company, valued at approximately $415,353.60. The trade was a 90.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher M. Powell sold 36,852 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider owned 114,117 shares in the company, valued at approximately $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,099,593 shares of company stock worth $297,782,099 in the last ninety days. Company insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after buying an additional 476 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in Solaris Energy Infrastructure in the 4th quarter valued at about $28,000. Strs Ohio purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $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 grew its position in Solaris Energy Infrastructure by 363.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.