Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $87.1667.
A number of analysts have commented on SEI shares. Wells Fargo & Company raised shares of Solaris Energy Infrastructure from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $82.00 to $73.00 in a report on Monday, August 3rd. Weiss Ratings lowered Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Stifel Nicolaus set a $98.00 price objective on Solaris Energy Infrastructure in a report on Friday, August 7th. Wall Street Zen lowered Solaris Energy Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, Piper Sandler raised their target price on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th.
Get Our Latest Stock Report on Solaris Energy Infrastructure
Solaris Energy Infrastructure Trading Up 6.8%
Solaris Energy Infrastructure (NYSE:SEI – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping 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 firm had revenue of $219.40 million during the quarter. As a group, research analysts predict that Solaris Energy Infrastructure will post 0.84 earnings per share for the current year.
Institutional Investors Weigh In On Solaris Energy Infrastructure
Several large investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new stake in Solaris Energy Infrastructure during the 4th quarter worth approximately $28,000. Strs Ohio bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at approximately $31,000. Larson Financial Group LLC grew its position 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 valued at $41,000 after acquiring an additional 795 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Solaris Energy Infrastructure by 105.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,205 shares of the company’s stock valued at $56,000 after buying an additional 619 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.
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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