Wealth High Governance Capital Ltda trimmed its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI – Free Report) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,832 shares of the company’s stock after selling 13,533 shares during the period. Solaris Energy Infrastructure makes up 2.1% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 24th biggest position. Wealth High Governance Capital Ltda owned 0.17% of Solaris Energy Infrastructure worth $6,941,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of 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 buying an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in Solaris Energy Infrastructure in the fourth quarter worth about $28,000. Strs Ohio bought a new position in Solaris Energy Infrastructure in the first quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure in the third quarter valued at approximately $31,000. Finally, Larson Financial Group LLC boosted 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 valued at $41,000 after acquiring an additional 795 shares during the period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
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 completion of the sale, the chief accounting officer owned 36,085 shares of the company’s stock, valued at $2,786,483.70. This trade represents a 1.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the sale, the director directly owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. The trade was a 10.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 2,099,593 shares of company stock worth $156,282,099. Insiders own 20.23% of the company’s stock.
Solaris Energy Infrastructure Price Performance
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Raymond James Financial reiterated an “outperform” rating and set a $82.00 price target on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Stifel Nicolaus boosted their price target on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Citigroup increased their price objective on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings cut Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 17th. Finally, Piper Sandler raised their target price 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. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.
Read Our Latest Stock Analysis on SEI
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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