Solaris Energy Infrastructure (NYSE:SEI) Insider Christopher Powell Sells 36,852 Shares

Solaris Energy Infrastructure, Inc. (NYSE:SEI) insider Christopher Powell sold 36,852 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $74.63, for a total value of $2,750,264.76. Following the transaction, the insider owned 114,117 shares of the company’s stock, valued at $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Solaris Energy Infrastructure Stock Up 2.4%

Shares of SEI traded up $1.77 during midday trading on Tuesday, hitting $76.43. The company had a trading volume of 2,296,972 shares, compared to its average volume of 2,711,116. The company’s 50-day simple moving average is $61.55 and its 200-day simple moving average is $54.29. 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 firm has a market capitalization of $5.23 billion, a P/E ratio of 85.88 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.18. The business 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, sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current year.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of Solaris Energy Infrastructure by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,861 shares of the company’s stock worth $670,000 after acquiring an additional 686 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Solaris Energy Infrastructure by 19.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock worth $49,239,000 after acquiring an additional 142,973 shares in the last quarter. Swiss National Bank raised its position in shares of Solaris Energy Infrastructure by 0.7% during the 1st quarter. Swiss National Bank now owns 86,900 shares of the company’s stock worth $4,911,000 after acquiring an additional 600 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth about $1,205,000. Finally, Jennison Associates LLC raised its position in shares of Solaris Energy Infrastructure by 215.1% during the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock worth $66,667,000 after acquiring an additional 805,319 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analysts Set New Price Targets

SEI has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. 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 objective for the company. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price objective on shares of Solaris Energy Infrastructure in a research note on Monday, April 27th. Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.18.

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.