PNC Financial Services Group Inc. Has $254,000 Holdings in Solaris Energy Infrastructure, Inc. $SEI

PNC Financial Services Group Inc. raised its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 14.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,986 shares of the company’s stock after buying an additional 1,167 shares during the period. PNC Financial Services Group Inc.’s holdings in Solaris Energy Infrastructure were worth $254,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at $195,000. KLP Kapitalforvaltning AS purchased a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $144,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Solaris Energy Infrastructure during the first quarter worth $135,000. XTX Topco Ltd purchased a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth about $1,118,000. Finally, US Bancorp DE bought a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at approximately $38,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total transaction of $106,056,367.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kyle S. Ramachandran bought 2,000 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, September 9th. The shares were acquired at an average cost of $25.00 per share, with a total value of $50,000.00. Following the completion of the acquisition, the chief financial officer owned 370,338 shares of the company’s stock, valued at $9,258,450. The trade was a 0.54% increase in their position. The disclosure for this purchase is available in the SEC filing. 21.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zacks Research lowered shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Citigroup boosted their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Northland Securities set a $61.00 price objective on Solaris Energy Infrastructure in a report on Thursday, October 9th. Piper Sandler boosted their price target on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Finally, Barclays raised their target price on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Solaris Energy Infrastructure currently has an average rating of “Buy” and a consensus target price of $51.11.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $46.69 on Thursday. Solaris Energy Infrastructure, Inc. has a one year low of $14.27 and a one year high of $57.17. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 49.67 and a beta of 1.12. The company’s 50-day moving average is $46.83 and its 200 day moving average is $35.11. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. The business had revenue of $166.84 million for the quarter, compared to the consensus estimate of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. Sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.