8,308 Shares in Solaris Energy Infrastructure, Inc. $SEI Acquired by M&T Bank Corp

M&T Bank Corp bought a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,308 shares of the company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Solaris Energy Infrastructure by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after acquiring an additional 248,762 shares in the last quarter. Van ECK Associates Corp boosted its stake in Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after purchasing an additional 1,116,794 shares during the period. GW&K Investment Management LLC boosted its stake in Solaris Energy Infrastructure by 12.5% in the 3rd quarter. GW&K Investment Management LLC now owns 1,177,830 shares of the company’s stock worth $47,078,000 after purchasing an additional 130,975 shares during the period. Two Sigma Investments LP boosted its stake in Solaris Energy Infrastructure by 88.9% in the 3rd quarter. Two Sigma Investments LP now owns 1,007,320 shares of the company’s stock worth $40,263,000 after purchasing an additional 474,087 shares during the period. Finally, Advent International L.P. bought a new position in Solaris Energy Infrastructure in the 3rd quarter worth approximately $40,246,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SEI has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating and issued a $81.00 price target on shares of Solaris Energy Infrastructure in a research note on Monday, April 27th. Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Stifel Nicolaus upped their price target on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, Glj Research initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.10.

Insider Activity

In other news, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the transaction, the director directly owned 44,839 shares in the company, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $70.75, for a total value of $141,500,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is owned by corporate insiders.

Solaris Energy Infrastructure Stock Up 1.1%

NYSE SEI opened at $77.09 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The company has a market capitalization of $5.28 billion, a P/E ratio of 86.62 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a one year low of $21.22 and a one year high of $81.24. The stock has a 50 day moving average price of $62.65 and a 200-day moving average price of $54.71.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current fiscal year.

Solaris Energy Infrastructure 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.