Solaris Energy Infrastructure, Inc. $SEI Stock: Moody Aldrich Partners LLC Cuts Stake

Moody Aldrich Partners LLC decreased its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 44.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,748 shares of the company’s stock after selling 32,354 shares during the quarter. Moody Aldrich Partners LLC owned 0.05% of Solaris Energy Infrastructure worth $2,900,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new position in shares of Solaris Energy Infrastructure in the third quarter worth about $315,000. Verdence Capital Advisors LLC lifted its holdings in Solaris Energy Infrastructure by 10.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 18,341 shares of the company’s stock valued at $1,306,000 after buying an additional 1,781 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in Solaris Energy Infrastructure by 146.2% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,029,000 shares of the company’s stock valued at $73,244,000 after buying an additional 611,000 shares in the last quarter. Gibbs Wealth Management boosted its position in Solaris Energy Infrastructure by 7.3% in the 3rd quarter. Gibbs Wealth Management now owns 6,812 shares of the company’s stock valued at $485,000 after buying an additional 461 shares during the period. Finally, Wedbush Securities Inc. boosted its position in Solaris Energy Infrastructure by 10.6% in the 3rd quarter. Wedbush Securities Inc. now owns 9,137 shares of the company’s stock valued at $650,000 after buying an additional 877 shares during the period. Institutional investors own 67.44% of the company’s stock.

Insider Buying and Selling

In other news, Director A. Teague purchased 3,900 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was acquired at an average cost of $64.21 per share, with a total value of $250,419.00. Following the completion of the transaction, the director owned 116,865 shares in the company, valued at $7,503,901.65. This represents a 3.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.23% of the company’s stock.

Analyst Ratings Changes

SEI has been the topic of a number of research analyst reports. Citigroup upped their target price on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, September 24th. Zacks Research raised shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Wall Street Zen raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 3rd. Wells Fargo & Company lowered their price target on Solaris Energy Infrastructure from $85.00 to $72.00 and set an “overweight” rating for the company in a report on Monday. Finally, Needham & Company LLC boosted their price target on Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $94.08.

Solaris Energy Infrastructure Trading Up 5.7%

Shares of NYSE:SEI opened at $69.07 on Thursday. The company has a market capitalization of $5.29 billion, a PE ratio of 81.26 and a beta of 1.28. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure, Inc. has a 12-month low of $38.50 and a 12-month high of $86.19. The business’s fifty day simple moving average is $64.45 and its 200-day simple moving average is $63.05.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. The company had revenue of $219.40 million for the quarter. As a group, equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current fiscal year.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.