Solaris Energy Infrastructure (NYSE:SEI) Hits New 1-Year High – What’s Next?

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $59.80 and last traded at $56.62, with a volume of 3059107 shares trading hands. The stock had previously closed at $54.96.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SEI. Piper Sandler raised their target price on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Zacks Research lowered Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Barclays lifted their price objective 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. Morgan Stanley initiated coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 target price for the company. Finally, Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $55.11.

Solaris Energy Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The company has a 50 day simple moving average of $48.77 and a 200-day simple moving average of $41.43. The stock has a market capitalization of $3.88 billion, a P/E ratio of 60.23 and a beta of 1.12.

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

Insider Buying and Selling

In other Solaris Energy Infrastructure news, Director Aj Teague purchased 2,310 shares of the stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $43.13 per share, with a total value of $99,630.30. Following the acquisition, the director directly owned 106,465 shares in the company, valued at approximately $4,591,835.45. The trade was a 2.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia M. Durrett sold 47,011 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were 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 represents a 26.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,164,094 shares of company stock valued at $108,255,773 in the last ninety days. 21.20% of the stock is owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. purchased a new stake in shares of Solaris Energy Infrastructure during the second quarter worth about $25,000. Signaturefd LLC lifted its holdings in Solaris Energy Infrastructure by 344.9% in 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 period. Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Solaris Energy Infrastructure during the third quarter valued at approximately $31,000. Finally, Larson Financial Group LLC raised its holdings in shares of 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 in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.