Kennedy Capital Management LLC Grows Stake in Solaris Energy Infrastructure, Inc. $SEI

Kennedy Capital Management LLC boosted its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 98.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629,747 shares of the company’s stock after purchasing an additional 312,013 shares during the period. Solaris Energy Infrastructure comprises 0.6% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Kennedy Capital Management LLC’s holdings in Solaris Energy Infrastructure were worth $28,949,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Solaris Energy Infrastructure by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after purchasing an additional 248,762 shares in the last quarter. Situational Awareness LP increased its stake in Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares in the last quarter. Principal Financial Group Inc. increased its stake in Solaris Energy Infrastructure by 2,120.7% in the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after purchasing an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp increased its stake in Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after purchasing an additional 1,116,794 shares in the last quarter. Finally, GW&K Investment Management LLC increased its stake in Solaris Energy Infrastructure by 12.5% in the 3rd quarter. GW&K Investment Management LLC now owns 1,177,830 shares of the company’s stock valued at $47,078,000 after purchasing an additional 130,975 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Solaris Energy Infrastructure

In other news, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the sale, the director owned 5,760 shares in the company, valued at $415,353.60. This trade represents a 90.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $70.75, for a total value of $141,500,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,099,593 shares of company stock valued at $297,782,099 in the last ninety days. 20.23% of the stock is owned by insiders.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $73.88 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The stock has a fifty day moving average of $69.70 and a two-hundred day moving average of $58.30. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 83.01 and a beta of 1.19. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $24.57 and a fifty-two week high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.18. The company had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. On average, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Piper Sandler raised their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Solaris Energy Infrastructure Profile

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.