GW&K Investment Management LLC Decreases Position in Solaris Energy Infrastructure, Inc. $SEI

GW&K Investment Management LLC lessened its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 8.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,082,458 shares of the company’s stock after selling 95,372 shares during the period. GW&K Investment Management LLC’s holdings in Solaris Energy Infrastructure were worth $49,761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after acquiring an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter worth $28,000. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure in the first quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Solaris Energy Infrastructure in the third quarter worth $31,000. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 795 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

SEI has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Wall Street Zen downgraded Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Morgan Stanley upped 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, June 4th. Finally, Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Solaris Energy Infrastructure Stock Down 4.9%

Shares of SEI stock opened at $68.70 on Wednesday. The company’s fifty day simple moving average is $68.63 and its two-hundred day simple moving average is $57.76. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $81.24. The stock has a market cap of $5.05 billion, a P/E ratio of 77.19 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates 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. Analysts predict that Solaris Energy Infrastructure, Inc. will post 1.26 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the completion of the transaction, the director owned 5,760 shares in the company, valued at $415,353.60. This trade represents a 90.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction that occurred on 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 sale, the director directly owned 44,839 shares in the company, valued at approximately $3,267,866.32. The trade was a 10.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,099,593 shares of company stock valued at $297,782,099 in the last 90 days. 20.23% of the stock is currently owned by insiders.

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.