Christopher Powell Sells 36,852 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI – Get Free Report) insider Christopher Powell sold 36,852 shares of Solaris Energy Infrastructure stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider owned 114,117 shares in the company, valued at approximately $8,516,551.71. This represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Solaris Energy Infrastructure Trading Up 1.1%

Shares of NYSE:SEI 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’s 50-day moving average price is $62.65 and its 200 day moving average price is $54.71. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $21.22 and a fifty-two week high of $81.24. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23.

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Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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%. Sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farmers Trust Co. raised its holdings in shares of Solaris Energy Infrastructure by 3.2% during the fourth quarter. Farmers Trust Co. now owns 6,450 shares of the company’s stock valued at $297,000 after acquiring an additional 200 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of Solaris Energy Infrastructure by 5.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after acquiring an additional 205 shares during the period. Assetmark Inc. raised its holdings in shares of Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after acquiring an additional 255 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Solaris Energy Infrastructure by 2.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock valued at $436,000 after acquiring an additional 295 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Solaris Energy Infrastructure by 1.1% during the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after acquiring an additional 391 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on SEI. Barclays boosted their price target on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Morgan Stanley reiterated an “overweight” rating and issued a $81.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, April 27th. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Citigroup boosted their price target on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.10.

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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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