Wealth High Governance Capital Ltda Has $6.94 Million Stock Position in Solaris Energy Infrastructure, Inc. $SEI

Wealth High Governance Capital Ltda decreased its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,832 shares of the company’s stock after selling 13,533 shares during the period. Solaris Energy Infrastructure accounts for 2.1% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 24th biggest holding. Wealth High Governance Capital Ltda’s holdings in Solaris Energy Infrastructure were worth $6,941,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Solaris Energy Infrastructure during the fourth quarter worth about $28,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $31,000. Finally, Larson Financial Group LLC boosted its position in 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 buying an additional 795 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Stock Down 0.1%

SEI stock opened at $51.38 on Monday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 57.73 and a beta of 1.23. 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, Inc. 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 $68.91 and a two-hundred day moving average price of $63.10.

Insider Activity

In related news, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the transaction, the director owned 44,839 shares in the company, valued at approximately $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray N. Walker, Jr. sold 56,841 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $72.11, for a total value of $4,098,804.51. Following the transaction, the director directly owned 5,760 shares in the company, valued at approximately $415,353.60. This trade represents a 90.80% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,099,593 shares of company stock valued at $156,282,099. 20.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on SEI. Wolfe Research began coverage on Solaris Energy Infrastructure in a research note on Monday, July 6th. They issued an “outperform” rating and a $120.00 price objective on the stock. Weiss Ratings cut shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Citigroup raised their target price on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wells Fargo & Company raised shares of Solaris Energy Infrastructure to an “overweight” rating in a report on Monday. Finally, Northland Securities set a $104.00 price objective on Solaris Energy Infrastructure in a research report on Friday, June 12th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $86.25.

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.