Solaris Energy Infrastructure (NYSE:SEI) Shares Gap Up – What’s Next?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) gapped up before the market opened on Monday . The stock had previously closed at $67.19, but opened at $71.36. Solaris Energy Infrastructure shares last traded at $70.46, with a volume of 773,396 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SEI shares. Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a research note on Friday, June 12th. Barclays increased their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Needham & Company LLC began coverage on shares of Solaris Energy Infrastructure in a research note on Monday, June 29th. They issued a “buy” rating and a $97.00 target price for the company. Finally, Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Ten equities research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $86.25.

Solaris Energy Infrastructure Price Performance

The stock has a market cap of $5.09 billion, a P/E ratio of 77.79 and a beta of 1.17. The company has a 50 day simple moving average of $74.31 and a 200 day simple moving average of $61.21. 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 results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.18. The company had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. Sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Christopher M. Powell sold 36,852 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the transaction, the insider directly owned 114,117 shares in the company, valued at $8,516,551.71. This represents a 24.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Laurie H. Argo sold 5,200 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the transaction, the director owned 44,839 shares of the company’s stock, valued at $3,267,866.32. The trade was a 10.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of SEI. Wealth High Governance Asset Management Ltda. increased its holdings in shares of Solaris Energy Infrastructure by 35.0% during the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 104,336 shares of the company’s stock worth $5,896,000 after acquiring an additional 27,066 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Solaris Energy Infrastructure by 15.8% during the first quarter. Glenmede Trust Co. NA now owns 16,987 shares of the company’s stock worth $960,000 after purchasing an additional 2,316 shares during the period. Amundi increased its holdings in shares of Solaris Energy Infrastructure by 51.7% in the first quarter. Amundi now owns 8,497 shares of the company’s stock valued at $480,000 after purchasing an additional 2,895 shares during the last quarter. California State Teachers Retirement System lifted its position in Solaris Energy Infrastructure by 24.2% during the first quarter. California State Teachers Retirement System now owns 51,791 shares of the company’s stock worth $2,927,000 after acquiring an additional 10,083 shares during the last quarter. Finally, Rokos Capital Management LLP acquired a new stake in Solaris Energy Infrastructure during the 1st quarter worth approximately $1,900,000. 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.