Solaris Energy Infrastructure, Inc. $SEI Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. increased its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 11.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,504,738 shares of the company’s stock after acquiring an additional 158,338 shares during the period. Westwood Holdings Group Inc.’s holdings in Solaris Energy Infrastructure were worth $42,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $35,060,000. Russell Investments Group Ltd. acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $1,695,000. Deutsche Bank AG acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $1,597,000. AE Wealth Management LLC lifted its position in shares of Solaris Energy Infrastructure by 39.7% during the 2nd quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock valued at $3,398,000 after buying an additional 34,164 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Solaris Energy Infrastructure by 253.6% in the 1st quarter. Raymond James Financial Inc. now owns 220,516 shares of the company’s stock valued at $4,799,000 after acquiring an additional 158,160 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of NYSE SEI opened at $45.87 on Monday. The firm has a 50-day simple moving average of $49.57 and a 200-day simple moving average of $37.49. 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 capitalization of $3.14 billion, a price-to-earnings ratio of 48.80 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 52 week low of $14.27 and a 52 week high of $57.17.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $166.84 million for the quarter, compared to analyst estimates of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. On average, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Piper Sandler upped their price target on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Morgan Stanley began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Buy” and a consensus target price of $52.80.

Insider Activity

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total value of $106,056,367.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 21.20% of the stock is owned by company insiders.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.