Brokerages Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Target Price at $86.25

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $86.25.

A number of equities analysts recently weighed in on the stock. Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Northland Securities set a $104.00 target price on shares of Solaris Energy Infrastructure in a report on Friday, June 12th. Finally, Morgan Stanley raised their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo sold 5,200 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the sale, the director directly owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher M. Powell sold 36,852 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $74.63, for a total value of $2,750,264.76. Following the transaction, the insider directly owned 114,117 shares in the company, valued at $8,516,551.71. The trade was a 24.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. Company insiders own 20.23% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after buying an additional 248,762 shares during the last quarter. Situational Awareness LP boosted its holdings in shares of Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after buying an additional 716,200 shares during the period. Principal Financial Group Inc. grew 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 buying an additional 1,400,311 shares during the last quarter. Advent International L.P. raised its holdings in Solaris Energy Infrastructure by 25.5% in the 4th quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock valued at $58,097,000 after acquiring an additional 256,909 shares during the period. Finally, Jennison Associates LLC raised its holdings in Solaris Energy Infrastructure by 215.1% in the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after acquiring an additional 805,319 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Stock Down 8.5%

SEI stock opened at $61.39 on Friday. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 68.98 and a beta of 1.17. Solaris Energy Infrastructure has a twelve month low of $24.57 and a twelve month high of $86.19. The business has a 50 day moving average price of $73.16 and a two-hundred day moving average price of $62.65. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The company had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. Analysts anticipate that Solaris Energy Infrastructure will post 1.09 EPS for the current fiscal 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.