Insider Selling: Solaris Energy Infrastructure (NYSE:SEI) CAO Sells 700 Shares of Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEIGet Free Report) CAO Christopher Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following the completion of the sale, the chief accounting officer directly owned 36,085 shares in the company, valued at approximately $2,786,483.70. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Solaris Energy Infrastructure Stock Performance

Shares of NYSE:SEI traded up $0.86 during midday trading on Wednesday, hitting $77.09. The stock had a trading volume of 2,506,050 shares, compared to its average volume of 2,308,071. The company has a market capitalization of $5.28 billion, a PE ratio of 86.62 and a beta of 1.25. The stock has a 50 day moving average price of $62.65 and a two-hundred day moving average price of $54.71. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24.

Solaris Energy Infrastructure (NYSE:SEIGet Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP lifted its holdings in shares of Solaris Energy Infrastructure by 5.0% in the first quarter. First Trust Advisors LP now owns 248,860 shares of the company’s stock valued at $14,063,000 after purchasing an additional 11,744 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Solaris Energy Infrastructure by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 11,861 shares of the company’s stock valued at $670,000 after purchasing an additional 686 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Solaris Energy Infrastructure by 19.6% in the first quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock valued at $49,239,000 after purchasing an additional 142,973 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Solaris Energy Infrastructure by 0.7% in the first quarter. Swiss National Bank now owns 86,900 shares of the company’s stock valued at $4,911,000 after purchasing an additional 600 shares in the last quarter. Finally, Precision Wealth Strategies LLC purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at about $1,205,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

SEI has been the topic of a number of research analyst reports. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. UBS Group set a $65.00 price objective on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Barclays boosted their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average target price of $75.18.

Read Our Latest Report on SEI

Solaris Energy Infrastructure Company Profile

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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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Insider Buying and Selling by Quarter for Solaris Energy Infrastructure (NYSE:SEI)

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