Solaris Energy Infrastructure (NYSE:SEI) Earns Equal Weight Rating from Analysts at Wells Fargo & Company

Research analysts at Wells Fargo & Company assumed coverage on shares of Solaris Energy Infrastructure (NYSE:SEI) in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage set an “equal weight” rating and a $71.00 price target on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.69% from the stock’s previous close.

SEI has been the topic of several other reports. Glj Research started coverage on shares of Solaris Energy Infrastructure in a report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price objective on the stock. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Raymond James Financial reiterated an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Barclays raised their price objective on shares of Solaris Energy Infrastructure from $63.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Citigroup dropped their price target on Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.36.

Solaris Energy Infrastructure Trading Down 3.8%

NYSE:SEI opened at $65.93 on Friday. The stock has a market capitalization of $4.51 billion, a PE ratio of 92.86 and a beta of 1.13. The business’s 50-day simple moving average is $53.67 and its 200-day simple moving average is $47.96. Solaris Energy Infrastructure has a fifty-two week low of $14.27 and a fifty-two week high of $70.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The firm had revenue of $179.70 million for the quarter. Sell-side analysts expect that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth $28,000. Signaturefd LLC raised its stake in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after acquiring an additional 476 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure during the third quarter worth about $31,000. Larson Financial Group LLC lifted its holdings in shares of Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Solaris Energy Infrastructure by 29.1% in the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after acquiring an additional 255 shares during the last quarter. 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.