Solaris Energy Infrastructure (NYSE:SEI) CAO Christopher Wirtz Sells 700 Shares of Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) CAO Christopher Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total transaction of $54,054.00. Following the completion of the transaction, the chief accounting officer directly owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $77.09 on Thursday. The company has a market cap of $5.28 billion, a PE ratio of 86.62 and a beta of 1.25. The company has a fifty day moving average price of $62.65 and a two-hundred day moving average price of $54.71. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. Solaris Energy Infrastructure, Inc. has a 12 month low of $21.22 and a 12 month high of $81.24.

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

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of SEI. Royal Bank of Canada bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $477,000. AQR Capital Management LLC bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $396,000. Goldman Sachs Group Inc. bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $13,714,000. Finally, Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at about $28,000. 67.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Northland Securities set a $86.00 target price on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 target price on shares of Solaris Energy Infrastructure in a research note on Monday, April 27th. Wells Fargo & Company raised their target price 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. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Finally, Glj Research assumed coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $79.10.

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.