Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday.
A number of other brokerages have also recently weighed in on SEI. Needham & Company LLC raised their target price on shares of Solaris Energy Infrastructure from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings cut Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Morgan Stanley boosted their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Citigroup increased their price objective on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Piper Sandler raised their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.00.
Check Out Our Latest Analysis on Solaris Energy Infrastructure
Solaris Energy Infrastructure Stock Down 0.3%
Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The business had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. On average, analysts expect that Solaris Energy Infrastructure will post 1.01 EPS for the current fiscal year.
Insider Activity
In other Solaris Energy Infrastructure news, CAO Christopher P. Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following the sale, the chief accounting officer owned 36,085 shares in the company, valued at $2,786,483.70. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total transaction of $378,976.00. Following the sale, the director owned 44,839 shares in the company, valued at approximately $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 20.23% of the stock is currently owned by company insiders.
Institutional Trading of Solaris Energy Infrastructure
Several institutional investors have recently bought and sold shares of the stock. Maxi Investments CY Ltd bought a new stake in shares of Solaris Energy Infrastructure during the fourth quarter worth $4,765,000. Situational Awareness LP boosted its stake in Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after acquiring an additional 716,200 shares during the last quarter. Dockside LLC bought a new position in shares of Solaris Energy Infrastructure during the fourth quarter worth $3,803,000. Principal Financial Group Inc. lifted its holdings in Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after acquiring an additional 1,400,311 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Solaris Energy Infrastructure by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after purchasing an additional 248,762 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.
Solaris Energy Infrastructure Company 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.
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