Analysts Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Price Target at $56.60

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $56.60.

Several analysts have recently issued reports on SEI shares. Piper Sandler upped their price target on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Morgan Stanley started coverage on Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective on the stock. Weiss Ratings lowered Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a research report on Monday, January 5th. Finally, Barclays increased their price target on Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, February 26th.

Insider Activity

In other news, Director Aj Teague bought 2,310 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $43.13 per share, for a total transaction of $99,630.30. Following the purchase, the director owned 106,465 shares of the company’s stock, valued at $4,591,835.45. This represents a 2.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cynthia M. Durrett sold 47,011 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the completion of the transaction, the insider owned 131,152 shares in the company, valued at $5,852,002.24. This trade represents a 26.39% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hiddenite Capital Partners LP acquired a new stake in Solaris Energy Infrastructure in the 3rd quarter valued at approximately $13,990,000. CenterBook Partners LP lifted its holdings in shares of Solaris Energy Infrastructure by 513.1% during the third quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after buying an additional 347,693 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of Solaris Energy Infrastructure by 39.7% in the second quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock valued at $3,398,000 after acquiring an additional 34,164 shares during the period. AGF Management Ltd. bought a new stake in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $6,613,000. Finally, Ardsley Advisory Partners LP acquired a new stake in shares of Solaris Energy Infrastructure in the second quarter worth $566,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Stock Up 1.3%

Solaris Energy Infrastructure stock opened at $49.59 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37. Solaris Energy Infrastructure has a 1-year low of $14.27 and a 1-year high of $61.36. The firm’s fifty day simple moving average is $52.18 and its 200-day simple moving average is $46.60. The company has a market capitalization of $3.39 billion, a P/E ratio of 69.85 and a beta of 1.13.

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

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.