Solaris Energy Infrastructure (NYSE:SEI) Now Covered by Analysts at Wolfe Research

Wolfe Research started coverage on shares of Solaris Energy Infrastructure (NYSE:SEI) in a note issued to investors on Monday. The brokerage set an “outperform” rating and a $120.00 price target on the stock. Wolfe Research’s target price would suggest a potential upside of 79.88% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler lifted their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Zacks Research lowered Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Citigroup lifted their target price on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Stifel Nicolaus upped their price objective on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.

Solaris Energy Infrastructure Price Performance

SEI stock opened at $66.71 on Monday. Solaris Energy Infrastructure has a 12 month low of $24.57 and a 12 month high of $86.19. The company has a 50-day moving average price of $74.31 and a 200 day moving average price of $61.21. The stock has a market cap of $4.91 billion, a PE ratio of 74.96 and a beta of 1.17. 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 released its earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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. Equities research analysts anticipate that Solaris Energy Infrastructure will post 1.09 earnings per share for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, insider Christopher M. Powell sold 36,852 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider owned 114,117 shares in the company, valued at approximately $8,516,551.71. This represents a 24.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $72.11, for a total value 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 $415,353.60. The trade was a 90.80% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,099,593 shares of company stock valued at $297,782,099. Corporate insiders own 20.23% of the company’s stock.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Several hedge funds have recently modified their holdings of SEI. Vanguard Group Inc. boosted its stake in Solaris Energy Infrastructure by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after purchasing an additional 248,762 shares in the last quarter. Situational Awareness LP raised its holdings in shares of Solaris Energy Infrastructure by 62.3% in the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after buying an additional 716,200 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after buying an additional 1,400,311 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after acquiring an additional 1,116,794 shares during the period. Finally, Advent International L.P. increased its position in shares of Solaris Energy Infrastructure by 25.5% in the 4th quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock valued at $58,097,000 after acquiring an additional 256,909 shares during the period. Institutional investors and hedge funds 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.