Triglav Investments D.O.O. Invests $411,000 in Solaris Energy Infrastructure, Inc. $SEI

Triglav Investments D.O.O. purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,265 shares of the company’s stock, valued at approximately $411,000.

Several other large investors have also recently modified their holdings of SEI. Signaturefd LLC grew its position in Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Solaris Energy Infrastructure in the fourth quarter worth about $28,000. Strs Ohio purchased a new position in Solaris Energy Infrastructure in the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Solaris Energy Infrastructure in the third quarter worth approximately $31,000. Finally, Larson Financial Group LLC lifted its stake in shares of Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after buying an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Activity

In other Solaris Energy Infrastructure news, Director Ray N. Walker, Jr. sold 56,841 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $72.11, for a total value of $4,098,804.51. Following the transaction, the director owned 5,760 shares of the company’s stock, valued at approximately $415,353.60. This represents a 90.80% 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, insider Christopher M. Powell sold 36,852 shares of the 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 completion of the transaction, the insider directly owned 114,117 shares in the company, valued at approximately $8,516,551.71. This represents a 24.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,099,593 shares of company stock worth $297,782,099. Insiders own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SEI. Needham & Company LLC initiated coverage on shares of Solaris Energy Infrastructure in a research report on Monday, June 29th. They set a “buy” rating and a $97.00 price target for the company. Wells Fargo & Company upped their price objective on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $86.25.

Solaris Energy Infrastructure Stock Up 0.2%

SEI opened at $71.68 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The firm has a 50 day moving average price of $73.86 and a 200-day moving average price of $62.05. Solaris Energy Infrastructure, Inc. has a twelve month low of $24.57 and a twelve month high of $86.19. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 80.54 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The company had revenue of $196.24 million for the quarter. Equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current 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.