Mercuria Capital Strategies LLC Purchases Shares of 85,006 Solaris Energy Infrastructure, Inc. $SEI

Mercuria Capital Strategies LLC acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 3rd quarter, Holdings Channel reports. The firm acquired 85,006 shares of the company’s stock, valued at approximately $3,398,000. Solaris Energy Infrastructure accounts for 4.5% of Mercuria Capital Strategies LLC’s holdings, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $477,000. AQR Capital Management LLC acquired a new position in Solaris Energy Infrastructure during the 1st quarter worth approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Solaris Energy Infrastructure in the first quarter worth approximately $396,000. Goldman Sachs Group Inc. acquired a new stake in Solaris Energy Infrastructure in the first quarter valued at approximately $13,714,000. Finally, Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $28,000. Institutional investors own 67.44% of the company’s stock.

Insider Activity

In related news, insider Cynthia M. Durrett sold 47,011 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the transaction, the insider directly owned 131,152 shares in the company, valued at approximately $5,852,002.24. The trade was a 26.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Amanda M. Brock acquired 3,669 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, December 17th. The stock was purchased at an average cost of $40.89 per share, with a total value of $150,025.41. Following the completion of the transaction, the chief executive officer directly owned 141,080 shares in the company, valued at $5,768,761.20. This represents a 2.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 21.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Glj Research assumed coverage on shares of Solaris Energy Infrastructure in a research note on Thursday. They set a “buy” rating and a $60.00 price target for the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Solaris Energy Infrastructure Stock Up 1.3%

Shares of NYSE:SEI opened at $49.59 on Tuesday. The business’s 50 day moving average is $52.18 and its 200 day moving average is $46.60. Solaris Energy Infrastructure, Inc. has a 12-month low of $14.27 and a 12-month high of $61.36. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 69.85 and a beta of 1.13. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The business had revenue of $179.70 million during the quarter. On average, sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Solaris Energy Infrastructure 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.