Solaris Energy Infrastructure, Inc. $SEI Stock Position Raised by Wealth High Governance Asset Management Ltda.

Wealth High Governance Asset Management Ltda. boosted its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 35.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,336 shares of the company’s stock after acquiring an additional 27,066 shares during the quarter. Solaris Energy Infrastructure accounts for about 2.1% of Wealth High Governance Asset Management Ltda.’s investment portfolio, making the stock its 23rd largest holding. Wealth High Governance Asset Management Ltda.’s holdings in Solaris Energy Infrastructure were worth $5,896,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Maxi Investments CY Ltd acquired a new position in Solaris Energy Infrastructure during the 4th quarter valued at about $4,765,000. Situational Awareness LP lifted its stake in Solaris Energy Infrastructure by 62.3% in the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after buying an additional 716,200 shares in the last quarter. Principal Financial Group Inc. boosted its position 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 worth $67,408,000 after buying an additional 1,400,311 shares during the period. Dockside LLC acquired a new stake in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $3,803,000. Finally, Vanguard Group Inc. boosted its stake in shares of Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after buying an additional 248,762 shares during the last quarter. Institutional investors own 67.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SEI shares. Barclays upped their target price on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Stifel Nicolaus boosted their target price 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. Citigroup boosted their price objective on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Northland Securities set a $104.00 target price on Solaris Energy Infrastructure in a research report on Friday, June 12th. Finally, Zacks Research downgraded Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.25.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Aj Teague purchased 2,750 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $72.98 per share, with a total value of $200,695.00. Following the completion of the acquisition, the director owned 11,060 shares in the company, valued at $807,158.80. This trade represents a 33.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider directly owned 114,117 shares in the company, valued at $8,516,551.71. The trade was a 24.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,099,593 shares of company stock worth $156,282,099 in the last ninety days. Insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Price Performance

NYSE SEI opened at $51.38 on Monday. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $86.19. The firm’s 50-day simple moving average is $68.91 and its two-hundred day simple moving average is $63.10. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The company has a market cap of $3.78 billion, a PE ratio of 57.73 and a beta of 1.23.

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.