Solaris Energy Infrastructure (NYSE:SEI) Reaches New 12-Month High – Still a Buy?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares hit a new 52-week high on Wednesday . The company traded as high as $81.68 and last traded at $81.48, with a volume of 1319356 shares trading hands. The stock had previously closed at $76.15.

Wall Street Analyst Weigh In

SEI has been the topic of several research reports. Citigroup raised their price objective on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus boosted their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, 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 price target on the stock. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Solaris Energy Infrastructure Stock Performance

The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 92.89 and a beta of 1.19. The stock’s 50 day moving average is $71.64 and its two-hundred day moving average is $59.30. The company has a current ratio of 1.11, a quick ratio of 1.07 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 (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.18. The company had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. Analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, CAO Christopher P. Wirtz sold 700 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total transaction of $54,054.00. Following the transaction, the chief accounting officer owned 36,085 shares of the company’s stock, valued at $2,786,483.70. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Aj Teague acquired 2,750 shares of Solaris Energy Infrastructure stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $72.98 per share, with a total value of $200,695.00. Following the completion of the purchase, the director owned 11,060 shares in the company, valued at $807,158.80. The trade was a 33.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently modified their holdings of the stock. Advent International L.P. acquired a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at approximately $40,246,000. Maxi Investments CY Ltd purchased a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $4,765,000. Mercuria Capital Strategies LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth approximately $3,398,000. Hel Ved Capital Management Ltd acquired a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth approximately $3,661,000. Finally, Situational Awareness LP increased its stake in Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after purchasing an additional 716,200 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

About Solaris Energy Infrastructure

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.