State of Alaska Department of Revenue Purchases New Shares in Solaris Energy Infrastructure, Inc. $SEI

State of Alaska Department of Revenue purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,105 shares of the company’s stock, valued at approximately $790,000.

Other large investors also recently bought and sold shares of the company. Jennison Associates LLC raised its stake in shares of Solaris Energy Infrastructure by 215.1% during the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after purchasing an additional 805,319 shares during the period. Situational Awareness LP boosted its stake in shares of Solaris Energy Infrastructure by 2.2% in the second quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock valued at $90,889,000 after purchasing an additional 24,070 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Solaris Energy Infrastructure by 19.6% in the first quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock valued at $49,239,000 after purchasing an additional 142,973 shares during the period. Two Seas Capital LP purchased a new position in shares of Solaris Energy Infrastructure in the third quarter valued at $56,007,000. Finally, Ranger Investment Management L.P. acquired a new stake in Solaris Energy Infrastructure during the 2nd quarter valued at $46,967,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company restated an “outperform” rating and set a $85.00 target price on shares of Solaris Energy Infrastructure in a research note on Friday, September 25th. Morgan Stanley raised their target price on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Needham & Company LLC lifted their target price on Solaris Energy Infrastructure from $98.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $95.17.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director A. Teague acquired 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the purchase, the director directly owned 116,865 shares in the company, valued at $7,503,901.65. The trade was a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 20.23% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $58.79 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 46.25 and a beta of 1.28. The stock has a 50 day moving average of $64.29 and a 200-day moving average of $66.77. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure, Inc. has a 52 week low of $38.50 and a 52 week high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last issued 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. The business had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. As a group, analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.16 EPS for the current year.

Solaris Energy Infrastructure Profile

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.