Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $74.00 at Barclays

Solaris Energy Infrastructure (NYSE:SEI) had its price objective boosted by analysts at Barclays from $63.00 to $74.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 12.94% from the company’s previous close.

A number of other brokerages have also issued reports on SEI. Morgan Stanley initiated 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. Glj Research started coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective for the company. UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Finally, Wall Street Zen lowered Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.20.

Solaris Energy Infrastructure Stock Up 15.0%

NYSE SEI traded up $8.53 during trading on Tuesday, reaching $65.52. 2,688,514 shares of the company’s stock were exchanged, compared to its average volume of 2,811,341. 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 has a fifty-two week low of $14.27 and a fifty-two week high of $66.66. The company’s fifty day simple moving average is $52.81 and its 200-day simple moving average is $47.47. The firm has a market capitalization of $4.49 billion, a PE ratio of 92.28 and a beta of 1.13.

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

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, insider Cynthia M. Durrett sold 47,011 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total value of $2,097,630.82. Following the completion of the sale, the insider directly owned 131,152 shares in the company, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Laurie H. Argo sold 2,300 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the transaction, the director directly owned 50,039 shares in the company, valued at $2,214,225.75. The trade was a 4.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Farmers Trust Co. lifted its holdings in Solaris Energy Infrastructure by 3.2% in the 4th quarter. Farmers Trust Co. now owns 6,450 shares of the company’s stock worth $297,000 after purchasing an additional 200 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Solaris Energy Infrastructure by 5.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after purchasing an additional 205 shares during the last quarter. Assetmark Inc. grew its holdings in Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after purchasing an additional 255 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Solaris Energy Infrastructure by 2.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock valued at $436,000 after purchasing an additional 295 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Solaris Energy Infrastructure by 1.1% in the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock worth $1,467,000 after buying an additional 391 shares during the last quarter. Institutional investors and hedge funds 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.