Solaris Energy Infrastructure, Inc. (NYSE:SEI – Get Free Report) Director Aj Teague purchased 3,425 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $72.98 per share, for a total transaction of $249,956.50. Following the completion of the acquisition, the director directly owned 109,890 shares in the company, valued at approximately $8,019,772.20. This trade represents a 3.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Aj Teague also recently made the following trade(s):
- On Friday, May 8th, Aj Teague purchased 2,750 shares of Solaris Energy Infrastructure stock. The shares were purchased at an average cost of $72.98 per share, for a total transaction of $200,695.00.
Solaris Energy Infrastructure Stock Performance
Shares of NYSE SEI traded up $1.85 during midday trading on Monday, hitting $74.81. 1,861,033 shares of the stock traded hands, compared to its average volume of 2,715,659. The firm has a 50-day moving average of $60.72 and a two-hundred day moving average of $53.96. The firm has a market capitalization of $5.12 billion, a P/E ratio of 84.06 and a beta of 1.25. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. Solaris Energy Infrastructure, Inc. has a one year low of $21.22 and a one year high of $81.24.
Institutional Investors Weigh In On Solaris Energy Infrastructure
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the 4th quarter worth $28,000. Signaturefd LLC increased its stake in shares of Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth $31,000. Larson Financial Group LLC increased its stake in shares of Solaris Energy Infrastructure by 363.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Solaris Energy Infrastructure by 29.1% in the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after purchasing an additional 255 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SEI shares. Raymond James Financial reissued an “outperform” rating and set a $82.00 price target on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Wells Fargo & Company increased their price target on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Glj Research started 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. Barclays upped their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.18.
View Our Latest Research Report on SEI
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.
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