Analysts Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) PT at $53.70

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has received a consensus recommendation of “Buy” from the fourteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $53.70.

A number of research firms have recently commented on SEI. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, January 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. Morgan Stanley began coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price target on the stock. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, Barclays upped their price objective on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th.

Insider Activity at Solaris Energy Infrastructure

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total value of $106,056,367.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total value of $101,775.00. Following the sale, the director owned 50,039 shares in the company, valued at $2,214,225.75. The trade was a 4.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,164,094 shares of company stock worth $108,255,773 in the last three months. 21.20% of the stock is owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. purchased a new position in shares of Solaris Energy Infrastructure in the second quarter worth $25,000. Strs Ohio bought a new stake in Solaris Energy Infrastructure in the 1st quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Solaris Energy Infrastructure in the third quarter valued at about $31,000. Larson Financial Group LLC increased its position in shares of Solaris Energy Infrastructure by 363.0% in 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. Finally, Chung Wu Investment Group LLC bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at about $52,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Up 3.1%

Shares of SEI opened at $57.11 on Friday. Solaris Energy Infrastructure has a twelve month low of $14.27 and a twelve month high of $57.98. The stock has a market cap of $3.91 billion, a PE ratio of 60.76 and a beta of 1.12. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. The business’s 50-day moving average price is $48.35 and its 200-day moving average price is $40.99.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. The company had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. On average, equities analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

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.