Analysts Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Target Price at $85.50

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $86.3333.

Several equities analysts have recently issued reports on SEI shares. Raymond James Financial reissued an “outperform” rating and set a $82.00 target price on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Needham & Company LLC raised their price target on Solaris Energy Infrastructure from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday. Barclays raised their price target on Solaris Energy Infrastructure from $86.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday. Wolfe Research began coverage on shares of Solaris Energy Infrastructure in a research report on Monday, July 6th. They set an “outperform” rating and a $120.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Saturday.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, CAO Christopher P. Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following the sale, the chief accounting officer owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. The trade was a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Maxi Investments CY Ltd bought a new position in Solaris Energy Infrastructure during the 4th quarter valued at approximately $4,765,000. Situational Awareness LP boosted its holdings in Solaris Energy Infrastructure by 62.3% in the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after acquiring an additional 716,200 shares in the last quarter. Dockside LLC bought a new stake in Solaris Energy Infrastructure in the fourth quarter worth $3,803,000. Principal Financial Group Inc. grew its stake in shares of Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after acquiring an additional 1,400,311 shares during the last quarter. Finally, Rokos Capital Management LLP purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter worth $1,900,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Up 1.4%

NYSE SEI opened at $58.76 on Tuesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 4.12 and a quick ratio of 4.03. The stock has a market capitalization of $4.32 billion, a PE ratio of 69.13 and a beta of 1.23. Solaris Energy Infrastructure has a 1 year low of $24.57 and a 1 year high of $86.19. The business’s 50-day moving average is $67.20 and its 200 day moving average is $63.20.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The company had revenue of $219.40 million for the quarter. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. Sell-side analysts forecast that Solaris Energy Infrastructure will post 1.01 earnings per share for the current year.

Solaris Energy Infrastructure Company 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.