Mercuria Capital Strategies LLC Sells 52,968 Shares of Solaris Energy Infrastructure, Inc. $SEI

Mercuria Capital Strategies LLC lowered its position in Solaris Energy Infrastructure, Inc. (NYSE:SEIFree Report) by 62.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,038 shares of the company’s stock after selling 52,968 shares during the quarter. Solaris Energy Infrastructure makes up about 1.2% of Mercuria Capital Strategies LLC’s portfolio, making the stock its 21st biggest position. Mercuria Capital Strategies LLC’s holdings in Solaris Energy Infrastructure were worth $1,473,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEI. Signaturefd LLC grew its stake in Solaris Energy Infrastructure by 344.9% in the fourth 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. Cullen Frost Bankers Inc. bought a new position in Solaris Energy Infrastructure in the fourth quarter worth approximately $28,000. Strs Ohio bought a new position in Solaris Energy Infrastructure in the first quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure in the third quarter worth approximately $31,000. Finally, Larson Financial Group LLC grew its stake in Solaris Energy Infrastructure by 363.0% in the third 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. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SEI shares. Morgan Stanley increased their price objective on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Northland Securities set a $86.00 target price on Solaris Energy Infrastructure in a research report on Thursday, April 30th. Citigroup increased their target price on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Stifel Nicolaus increased their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their target price on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Check Out Our Latest Research Report on Solaris Energy Infrastructure

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $69.43 on Friday. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 78.01 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The business has a fifty day moving average of $68.17 and a 200 day moving average of $57.31. Solaris Energy Infrastructure, Inc. has a 1 year low of $24.57 and a 1 year high of $81.24.

Solaris Energy Infrastructure (NYSE:SEIGet Free Report) last issued its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The company had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. As a group, research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $70.75, for a total value of $141,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher M. Powell sold 36,852 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $74.63, for a total value of $2,750,264.76. Following the completion of the transaction, the insider owned 114,117 shares of the company’s stock, valued at $8,516,551.71. This trade represents a 24.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,099,593 shares of company stock worth $297,782,099 over the last three months. Corporate insiders own 20.23% of the company’s stock.

About Solaris Energy Infrastructure

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Solaris Energy Infrastructure (NYSE:SEI)

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