Ktr Management Company, Llc Sells 2,000,000 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $70.75, for a total transaction of $141,500,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Solaris Energy Infrastructure Stock Performance

NYSE SEI traded up $2.16 during trading hours on Monday, reaching $74.49. 2,162,267 shares of the company were exchanged, compared to its average volume of 2,747,681. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24. The business’s 50 day simple moving average is $59.26 and its 200-day simple moving average is $53.49. 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 stock has a market capitalization of $5.10 billion, a P/E ratio of 83.70 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The business had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 14.48%. On average, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Large investors have recently modified their holdings of the company. CenterBook Partners LP boosted its position in shares of Solaris Energy Infrastructure by 513.1% in the third quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock valued at $16,606,000 after acquiring an additional 347,693 shares during the period. Advent International L.P. bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $40,246,000. Hiddenite Capital Partners LP bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $13,990,000. AGF Management Ltd. bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $6,613,000. Finally, Ranger Investment Management L.P. bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $17,033,000. 67.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Glj Research assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 target price for the company. Citigroup cut their target price on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Wells Fargo & Company increased their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Morgan Stanley reiterated an “overweight” rating and set a $81.00 target price on shares of Solaris Energy Infrastructure in a research report on Monday, April 27th. Finally, UBS Group set a $65.00 target price on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus target price of $73.09.

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.