Laurie Argo Sells 5,200 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Laurie Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the transaction, the director directly owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This trade represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Solaris Energy Infrastructure Stock Performance

SEI stock opened at $77.99 on Friday. The stock has a 50-day moving average price of $63.26 and a 200-day moving average price of $54.90. Solaris Energy Infrastructure, Inc. has a 1-year low of $21.22 and a 1-year high of $81.24. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The firm has a market cap of $5.34 billion, a PE ratio of 87.63 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The firm had revenue of $196.24 million during the quarter. As a group, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on SEI. Glj Research initiated coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price objective for the company. Wells Fargo & Company boosted 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. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Piper Sandler boosted their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus target price of $79.10.

Institutional Trading of Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEI. Royal Bank of Canada bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $477,000. AQR Capital Management LLC bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $396,000. Goldman Sachs Group Inc. bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $13,714,000. Finally, Strs Ohio bought a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $28,000. 67.44% of the stock is 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.