HighTower Advisors LLC Acquires New Shares in Solaris Energy Infrastructure, Inc. $SEI

HighTower Advisors LLC acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the third quarter, Holdings Channel.com reports. The fund acquired 92,007 shares of the company’s stock, valued at approximately $3,678,000.

Other large investors have also added to or reduced their stakes in the company. Hiddenite Capital Partners LP purchased a new position in Solaris Energy Infrastructure during the third quarter worth about $13,990,000. AE Wealth Management LLC boosted its position 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 valued at $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 during the third quarter worth about $6,613,000. Ardsley Advisory Partners LP purchased a new position in shares of Solaris Energy Infrastructure during the second quarter worth about $566,000. Finally, Westwood Holdings Group Inc. increased its position in shares of Solaris Energy Infrastructure by 11.8% in the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock worth $42,569,000 after purchasing an additional 158,338 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Insider Activity

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 2,300 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total value of $101,775.00. Following the transaction, the director owned 50,039 shares in the company, valued at approximately $2,214,225.75. The trade was a 4.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Amanda M. Brock acquired 3,669 shares of the stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $40.89 per share, with a total value of $150,025.41. Following the completion of the purchase, the chief executive officer owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. The trade was a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Stock Up 3.4%

Shares of NYSE:SEI opened at $55.29 on Thursday. The stock has a market capitalization of $3.79 billion, a P/E ratio of 77.87 and a beta of 1.14. The stock’s 50-day moving average price is $51.41 and its 200-day moving average price is $45.28. The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a 12-month low of $14.27 and a 12-month high of $61.36.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 12.06% and a net margin of 4.81%.The company had revenue of $179.70 million during the quarter. On average, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SEI. Barclays lifted their target price on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Piper Sandler lifted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a research note on Monday, January 5th. Raymond James Financial restated an “outperform” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Finally, UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

About Solaris Energy Infrastructure

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.