Precision Wealth Strategies LLC Makes New $1.21 Million Investment in Solaris Energy Infrastructure, Inc. $SEI

Precision Wealth Strategies LLC purchased a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,330 shares of the company’s stock, valued at approximately $1,205,000.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after buying an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Solaris Energy Infrastructure in the 4th quarter worth $28,000. Strs Ohio acquired a new position in Solaris Energy Infrastructure in the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure in the third quarter valued at $31,000. Finally, Larson Financial Group LLC grew its position in Solaris Energy Infrastructure by 363.0% during the third 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 during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $60.25 on Friday. The firm’s fifty day simple moving average is $72.91 and its 200 day simple moving average is $62.63. The company has a current ratio of 1.11, a quick ratio of 1.07 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 firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 67.70 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The firm had revenue of $196.24 million during the quarter. As a group, equities 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 news, Director Ray N. Walker, Jr. sold 56,841 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 5,760 shares of the company’s stock, valued at $415,353.60. This represents a 90.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the sale, the director owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This trade represents a 10.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,099,593 shares of company stock valued at $297,782,099 over the last 90 days. Corporate insiders own 20.23% of the company’s stock.

Wall Street Analysts Forecast Growth

SEI has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Barclays lifted their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wolfe Research initiated coverage on Solaris Energy Infrastructure in a report on Monday, July 6th. They set an “outperform” rating and a $120.00 target price for the company. Piper Sandler increased their target price on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Citigroup increased their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Nine research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.25.

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.