Solaris Energy Infrastructure (NYSE:SEI) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Solaris Energy Infrastructure (NYSE:SEI) from a strong sell rating to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on SEI. Piper Sandler boosted their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Barclays lifted their price target on shares of Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. 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 on the stock. Morgan Stanley initiated coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective on the stock. Finally, Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.10.

Solaris Energy Infrastructure Stock Down 2.2%

Solaris Energy Infrastructure stock opened at $52.18 on Thursday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 73.49 and a beta of 1.13. The firm’s fifty day moving average price is $52.72 and its two-hundred day moving average price is $47.05. Solaris Energy Infrastructure has a 1-year low of $14.27 and a 1-year high of $61.36. The company has a current ratio of 2.96, a quick ratio of 2.87 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. The business had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%. On average, equities research analysts predict that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanda M. Brock acquired 3,669 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $40.89 per share, with a total value of $150,025.41. Following the completion of the purchase, the chief executive officer directly owned 141,080 shares of the company’s stock, valued at $5,768,761.20. This represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laurie H. Argo sold 2,300 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the sale, the director directly owned 50,039 shares in the company, valued at approximately $2,214,225.75. This represents a 4.39% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the business. Hiddenite Capital Partners LP purchased a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth $13,990,000. CenterBook Partners LP grew its stake in Solaris Energy Infrastructure by 513.1% in the third quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock valued at $16,606,000 after purchasing an additional 347,693 shares during the last quarter. AGF Management Ltd. bought a new position in Solaris Energy Infrastructure in the third quarter worth about $6,613,000. Ardsley Advisory Partners LP purchased a new stake in shares of Solaris Energy Infrastructure during the second quarter valued at about $566,000. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Solaris Energy Infrastructure by 11.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock valued at $42,569,000 after buying an additional 158,338 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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.