Solaris Energy Infrastructure (NYSE:SEI) Hits New 12-Month High – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $60.00 and last traded at $55.19, with a volume of 999561 shares trading hands. The stock had previously closed at $51.47.

Analysts Set New Price Targets

SEI has been the subject of several research reports. Barclays raised their price target on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a research note on Monday, January 5th. UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Finally, Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.10.

Solaris Energy Infrastructure Stock Up 17.0%

The company has a current ratio of 2.39, a quick ratio of 2.28 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 64.05 and a beta of 1.14. The firm’s 50-day moving average price is $50.81 and its 200 day moving average price is $43.86.

Insiders Place Their Bets

In other news, Director Aj Teague purchased 2,310 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $43.13 per share, with a total value of $99,630.30. Following the completion of the purchase, the director owned 106,465 shares of the company’s stock, valued at $4,591,835.45. This trade represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the sale, the insider owned 131,152 shares in the company, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 21.20% of the stock is owned by insiders.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. acquired a new position in Solaris Energy Infrastructure during the 4th quarter worth about $28,000. Signaturefd LLC boosted its holdings in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Solaris Energy Infrastructure during the 3rd quarter valued at approximately $31,000. Assetmark Inc. acquired a new position in Solaris Energy Infrastructure in the second quarter valued at $25,000. Finally, Larson Financial Group LLC boosted its position in Solaris Energy Infrastructure by 363.0% during 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 last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

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.