Solaris Energy Infrastructure (NYSE:SEI) Stock Price Up 4.3% – Still a Buy?

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $46.57 and last traded at $46.49. 450,994 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 2,176,453 shares. The stock had previously closed at $44.58.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SEI shares. Citigroup increased their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Northland Securities set a $61.00 target price on Solaris Energy Infrastructure in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 22nd. Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Barclays increased their price target on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. 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 MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $52.80.

Solaris Energy Infrastructure Stock Performance

The company has a 50-day moving average of $48.33 and a 200-day moving average of $38.77. The firm has a market capitalization of $3.14 billion, a P/E ratio of 48.84 and a beta of 1.14. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69.

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

Insider Activity

In other Solaris Energy Infrastructure news, CEO Amanda M. Brock purchased 3,669 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was acquired at an average cost of $40.89 per share, for a total transaction of $150,025.41. Following the purchase, the chief executive officer directly owned 141,080 shares of the company’s stock, valued at $5,768,761.20. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total transaction of $106,056,367.45. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,164,094 shares of company stock worth $108,255,773. Company insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SEI. Assetmark Inc. purchased a new position in Solaris Energy Infrastructure during the 2nd quarter valued at about $25,000. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Solaris Energy Infrastructure in the 3rd quarter worth $31,000. Larson Financial Group LLC lifted its position in Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares during the period. Finally, Chung Wu Investment Group LLC purchased a new position in Solaris Energy Infrastructure during the 3rd quarter worth approximately $52,000. 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.