16,203 Shares in Solaris Energy Infrastructure, Inc. $SEI Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,203 shares of the company’s stock, valued at approximately $916,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after buying an additional 476 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth $28,000. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $31,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Needham & Company LLC began coverage on Solaris Energy Infrastructure in a research note on Monday, June 29th. They set a “buy” rating and a $97.00 price objective on the stock. Piper Sandler upped their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Wolfe Research started coverage on Solaris Energy Infrastructure in a research note on Monday, July 6th. They issued an “outperform” rating and a $120.00 target price for the company. Finally, Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a report on Friday, June 12th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.25.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $61.39 on Friday. The firm has a 50-day moving average of $73.16 and a two-hundred day moving average of $62.65. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The stock has a market cap of $4.51 billion, a P/E ratio of 68.98 and a beta of 1.17. Solaris Energy Infrastructure, Inc. has a 1-year low of $24.57 and a 1-year high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.26 by $0.18. The business 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%. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 5,200 shares of the company’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 transaction, the director directly owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aj Teague purchased 2,750 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $72.98 per share, with a total value of $200,695.00. Following the transaction, the director directly owned 11,060 shares of the company’s stock, valued at approximately $807,158.80. This represents a 33.09% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 4,099,593 shares of company stock worth $297,782,099 over the last ninety days. Company insiders own 20.23% of the company’s stock.

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.