Solaris Energy Infrastructure (NYSE:SEI) Insider Cynthia Durrett Sells 47,011 Shares

Solaris Energy Infrastructure, Inc. (NYSE:SEI) insider Cynthia Durrett sold 47,011 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the completion of the sale, the insider directly owned 131,152 shares in the company, valued at approximately $5,852,002.24. The trade was a 26.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Solaris Energy Infrastructure Stock Up 5.9%

NYSE SEI opened at $43.03 on Friday. Solaris Energy Infrastructure, Inc. has a 1-year low of $14.27 and a 1-year high of $57.17. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $49.27 and its two-hundred day moving average is $37.78. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 45.78 and a beta of 1.14.

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

Institutional Trading of Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE bought a new position in Solaris Energy Infrastructure in the 1st quarter worth approximately $38,000. Vanguard Group Inc. bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $35,060,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at $1,968,000. Deutsche Bank AG bought a new position in Solaris Energy Infrastructure in the first quarter valued at about $1,597,000. Finally, Swiss National Bank acquired a new stake in Solaris Energy Infrastructure in the first quarter worth about $1,443,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SEI. Morgan Stanley initiated coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday. Piper Sandler raised their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Zacks Research downgraded Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Northland Securities set a $61.00 price target on Solaris Energy Infrastructure in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $52.80.

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.