State of Alaska Department of Revenue Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

State of Alaska Department of Revenue purchased a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 3rd quarter, HoldingsChannel reports. The fund purchased 11,105 shares of the company’s stock, valued at approximately $790,000.

Several other large investors also recently made changes to their positions in the business. C M Bidwell & Associates Ltd. acquired a new position in shares of Solaris Energy Infrastructure in the 2nd quarter worth approximately $84,000. GK Wealth Management LLC bought a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth approximately $79,000. Rockefeller Capital Management L.P. lifted its stake in Solaris Energy Infrastructure by 507.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company’s stock valued at $76,000 after purchasing an additional 1,380 shares during the last quarter. Nykredit A S bought a new stake in Solaris Energy Infrastructure during the second quarter worth approximately $164,000. Finally, GAMMA Investing LLC grew its position in Solaris Energy Infrastructure by 86.2% in the third quarter. GAMMA Investing LLC now owns 2,503 shares of the company’s stock worth $178,000 after buying an additional 1,159 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Piper Sandler upped their price target on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Weiss Ratings downgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Morgan Stanley boosted their target price on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the stock an “overweight” rating in a research report on Wednesday. Northland Securities set a $111.00 target price on Solaris Energy Infrastructure in a research report on Wednesday, September 16th. Finally, Zacks Research raised Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Buy” and an average price target of $95.17.

Solaris Energy Infrastructure Price Performance

SEI opened at $58.79 on Friday. The firm has a market capitalization of $4.50 billion, a P/E ratio of 46.25 and a beta of 1.28. The stock has a fifty day moving average of $64.29 and a 200-day moving average of $66.77. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. Solaris Energy Infrastructure, Inc. has a 12-month low of $38.50 and a 12-month high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%. The firm had revenue of $219.40 million during the quarter. Equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, Director A. Teague bought 3,900 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were bought at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the acquisition, the director directly owned 116,865 shares of the company’s stock, valued at approximately $7,503,901.65. This trade represents a 3.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.23% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.