Brokerages Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Price Target at $56.60

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $57.10.

A number of research firms have weighed in on SEI. Barclays upped their price objective on shares of Solaris Energy Infrastructure from $61.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Piper Sandler lifted their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Morgan Stanley began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price for the company. Zacks Research downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th.

Insider Transactions at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo sold 2,300 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total value of $101,775.00. Following the sale, the director directly owned 50,039 shares of the company’s stock, valued at $2,214,225.75. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Aj Teague purchased 2,310 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 106,465 shares of the company’s stock, valued at $4,591,835.45. This represents a 2.22% increase in their position. The disclosure for this purchase is available in the SEC filing. 21.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Large investors have recently modified their holdings of the business. Hiddenite Capital Partners LP acquired a new stake in Solaris Energy Infrastructure in the 3rd quarter valued at about $13,990,000. CenterBook Partners LP boosted its holdings in shares of Solaris Energy Infrastructure by 513.1% during the 3rd quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after purchasing an additional 347,693 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Solaris Energy Infrastructure by 39.7% during the 2nd quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock worth $3,398,000 after purchasing an additional 34,164 shares during the last quarter. AGF Management Ltd. purchased a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $6,613,000. Finally, Ardsley Advisory Partners LP purchased a new stake in shares of Solaris Energy Infrastructure in the second quarter valued at approximately $566,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of Solaris Energy Infrastructure stock opened at $55.43 on Friday. The firm has a market cap of $3.79 billion, a PE ratio of 78.07 and a beta of 1.13. Solaris Energy Infrastructure has a twelve month low of $14.27 and a twelve month high of $61.36. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $52.54 and a 200 day moving average price of $46.84.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The business had revenue of $179.70 million during the quarter. Sell-side analysts predict that Solaris Energy Infrastructure will post 0.36 earnings per share 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.