Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $81.80.

Several research firms recently issued reports on SEI. Raymond James Financial reiterated an “outperform” rating and set a $82.00 target price on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Glj Research assumed coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 target price for the company. Morgan Stanley raised their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Stifel Nicolaus raised their price target on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th.

Solaris Energy Infrastructure Stock Down 0.3%

NYSE SEI opened at $82.67 on Monday. The stock’s 50-day moving average price is $72.07 and its 200-day moving average price is $59.54. 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 has a 52 week low of $24.57 and a 52 week high of $86.19. The company has a market capitalization of $6.08 billion, a P/E ratio of 92.89 and a beta of 1.19.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS 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 for the quarter. On average, equities research analysts predict that Solaris Energy Infrastructure will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In related 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 sale, the director directly owned 5,760 shares of the company’s stock, valued at approximately $415,353.60. This trade represents a 90.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $54,054.00. Following the sale, the chief accounting officer directly owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth $477,000. AQR Capital Management LLC purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Solaris Energy Infrastructure during the first quarter worth $396,000. Goldman Sachs Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $13,714,000. Finally, Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure in the first quarter valued at $28,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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.