Solaris Energy Infrastructure, Inc. $SEI Stock: Fulcrum Asset Management LLP Increases Stake

Fulcrum Asset Management LLP lifted its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 642.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,270 shares of the company’s stock after buying an additional 50,420 shares during the period. Fulcrum Asset Management LLP’s holdings in Solaris Energy Infrastructure were worth $3,982,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Situational Awareness LP raised its stake in shares of Solaris Energy Infrastructure by 2.2% during the 2nd quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock worth $90,889,000 after acquiring an additional 24,070 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Solaris Energy Infrastructure by 146.2% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company’s stock valued at $73,244,000 after acquiring an additional 611,000 shares in the last quarter. Jennison Associates LLC boosted its stake in Solaris Energy Infrastructure by 215.1% in the first 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 in the last quarter. Two Seas Capital LP acquired a new stake in Solaris Energy Infrastructure in the third quarter valued at approximately $56,007,000. Finally, Dimensional Fund Advisors LP grew its holdings in Solaris Energy Infrastructure by 19.6% in the first quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock worth $49,239,000 after purchasing an additional 142,973 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure News Summary

Here are the key news stories impacting Solaris Energy Infrastructure this week:

• Positive Sentiment: Citigroup raised its price target to $104 from $100 and reiterated a “buy” rating, signaling increased confidence in SEI’s prospects. Citigroup raises price target
• Positive Sentiment: Piper Sandler lifted its target to $85 from $82 and assigned an “overweight” rating, adding to the positive analyst outlook. Piper Sandler raises price target
• Positive Sentiment: SEI reported third-quarter EPS of $0.45, above the $0.22 consensus estimate, with revenue of $341.09 million. The earnings beat may bolster confidence in operating performance. Q3 earnings metrics
• Positive Sentiment: Solaris was among several energy-related companies whose shares rallied, suggesting broader sector strength may also have helped sentiment. The article does not specify the rally’s underlying catalyst. Energy shares rally
• Neutral Sentiment: Barclays was reported to expect SEI’s stock to rise, but the available headline does not provide its target or rationale. Barclays outlook
• Negative Sentiment: Wells Fargo cut its price target, a less favorable signal that tempers the recent bullish analyst revisions; the report provided here does not state the new target. Wells Fargo cuts target

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup upped their price target on Solaris Energy Infrastructure from $100.00 to $104.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James Financial raised shares of Solaris Energy Infrastructure from a “moderate buy” rating to a “strong-buy” rating and set a $113.00 price target for the company in a report on Friday. Wells Fargo & Company reduced their price objective on Solaris Energy Infrastructure from $72.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley boosted their target price on shares of Solaris Energy Infrastructure from $90.00 to $102.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Piper Sandler increased their price target on Solaris Energy Infrastructure from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $98.69.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director A. Teague purchased 3,900 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average cost of $64.21 per share, with a total value of $250,419.00. Following the completion of the acquisition, the director owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. This represents a 3.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Trading Up 8.3%

Shares of NYSE:SEI opened at $62.59 on Tuesday. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure, Inc. has a 12-month low of $38.50 and a 12-month high of $86.19. The business has a 50 day moving average of $65.95 and a two-hundred day moving average of $63.39. The company has a market capitalization of $4.79 billion, a PE ratio of 35.36 and a beta of 1.40.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The business had revenue of $341.09 million for the quarter. Solaris Energy Infrastructure had a net margin of 7.99% and a return on equity of 14.56%. As a group, analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.37 EPS for the current year.

Solaris Energy Infrastructure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Tuesday, December 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 8th. Solaris Energy Infrastructure’s payout ratio is currently 50.00%.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc provides equipment and services for energy production and power generation. Its offerings include natural gas-fueled power systems and related equipment, as well as mobile systems used to store, transport and deliver proppant at oil and gas wells.

The company was established as Solaris Oilfield Infrastructure and later adopted its current name as its business expanded beyond oilfield logistics. Its oilfield services primarily support operators in U.S.