Solaris Energy Infrastructure (NYSE:SEI) Sets New 12-Month High – Still a Buy?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares reached a new 52-week high during trading on Friday . The stock traded as high as $57.31 and last traded at $55.64, with a volume of 4059609 shares changing hands. The stock had previously closed at $52.02.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research note on Monday, December 29th. Morgan Stanley assumed coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective on the stock. Piper Sandler increased their target price on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, 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 report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $53.70.

Solaris Energy Infrastructure Trading Up 7.0%

The stock has a market cap of $3.81 billion, a PE ratio of 59.19 and a beta of 1.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39. The stock has a fifty day moving average price of $48.23 and a 200 day moving average price of $40.64.

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

Insider Transactions at Solaris Energy Infrastructure

In other news, CEO Amanda M. Brock purchased 3,669 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $40.89 per share, with a total value of $150,025.41. Following the purchase, the chief executive officer owned 141,080 shares in the company, valued at approximately $5,768,761.20. This trade represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cynthia M. Durrett sold 47,011 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the completion of the sale, the insider directly owned 131,152 shares in the company, valued at $5,852,002.24. This trade represents a 26.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,164,094 shares of company stock worth $108,255,773. 21.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of large investors have recently bought and sold shares of the business. AE Wealth Management LLC increased its stake in Solaris Energy Infrastructure by 39.7% in the 2nd quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock worth $3,398,000 after buying an additional 34,164 shares during the period. Ardsley Advisory Partners LP purchased a new position in shares of Solaris Energy Infrastructure during the second quarter worth approximately $566,000. Westwood Holdings Group Inc. raised its stake in shares of Solaris Energy Infrastructure by 11.8% during the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock valued at $42,569,000 after acquiring an additional 158,338 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Solaris Energy Infrastructure by 68.2% in the second quarter. Franklin Resources Inc. now owns 48,153 shares of the company’s stock valued at $1,362,000 after purchasing an additional 19,532 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at approximately $962,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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.