Solaris Energy Infrastructure (NYSE:SEI) Price Target Lowered to $61.00 at Citigroup

Solaris Energy Infrastructure (NYSE:SEI) had its target price lowered by analysts at Citigroup from $62.00 to $61.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 18.45% from the stock’s current price.

A number of other analysts have also recently issued reports on SEI. UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a report on Tuesday, January 27th. Zacks Research downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Morgan Stanley initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective for the company. Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Finally, Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $57.10.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock traded up $2.05 during trading on Tuesday, reaching $51.50. 478,744 shares of the company’s stock traded hands, compared to its average volume of 2,804,418. The firm’s 50-day moving average is $52.18 and its 200 day moving average is $46.60. The company has a market capitalization of $3.53 billion, a P/E ratio of 72.54 and a beta of 1.13. Solaris Energy Infrastructure has a 1 year low of $14.27 and a 1 year high of $61.36. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. Equities research analysts expect that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Insider Transactions at Solaris Energy Infrastructure

In other news, CEO Amanda M. Brock bought 3,669 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $40.89 per share, with a total value of $150,025.41. Following the completion of the purchase, the chief executive officer directly owned 141,080 shares in the company, valued at $5,768,761.20. The trade was a 2.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the sale, the insider directly owned 131,152 shares of the company’s stock, valued at approximately $5,852,002.24. This trade represents a 26.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 21.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hiddenite Capital Partners LP purchased a new stake in Solaris Energy Infrastructure during the third quarter valued at about $13,990,000. CenterBook Partners LP boosted its position in Solaris Energy Infrastructure by 513.1% during the 3rd quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock valued at $16,606,000 after buying an additional 347,693 shares during the period. AE Wealth Management LLC grew its holdings 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 acquiring an additional 34,164 shares during the last quarter. AGF Management Ltd. purchased a new position in shares of Solaris Energy Infrastructure in the third quarter valued at about $6,613,000. Finally, Ardsley Advisory Partners LP bought a new position in shares of Solaris Energy Infrastructure during the second quarter valued at about $566,000. 67.44% of the stock is currently owned by 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.