Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.70.

SEI has been the subject of several analyst reports. Piper Sandler boosted their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Morgan Stanley assumed coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective for the company. Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Northland Securities set a $70.00 price target on Solaris Energy Infrastructure in a report on Monday, January 5th.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo sold 2,300 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the transaction, the director owned 50,039 shares in the company, valued at $2,214,225.75. This trade represents a 4.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Aj Teague purchased 2,310 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $43.13 per share, for a total transaction of $99,630.30. Following the purchase, the director directly owned 106,465 shares in the company, valued at $4,591,835.45. This trade represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 2,164,094 shares of company stock worth $108,255,773. 21.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its position in shares of Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Solaris Energy Infrastructure during the 3rd quarter worth approximately $31,000. Assetmark Inc. acquired a new position in shares of Solaris Energy Infrastructure during the second quarter valued at approximately $25,000. Larson Financial Group LLC lifted its position in shares of Solaris Energy Infrastructure by 363.0% in the third 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. Finally, Chung Wu Investment Group LLC purchased a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Down 3.7%

Shares of SEI opened at $54.79 on Friday. Solaris Energy Infrastructure has a 52 week low of $14.27 and a 52 week high of $57.98. 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 company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 58.29 and a beta of 1.12. The stock’s 50-day moving average price is $48.58 and its 200-day moving average price is $41.32.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%.The company had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. On average, sell-side analysts predict that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

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.