Solaris Energy Infrastructure (NYSE:SEI) Director Sells $149,000,000.00 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director W Howard Keenan, Jr. sold 2,000,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total transaction of $149,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Solaris Energy Infrastructure Trading Down 0.4%

Shares of Solaris Energy Infrastructure stock opened at $72.81 on Friday. The company’s fifty day simple moving average is $60.72 and its 200-day simple moving average is $53.96. The stock has a market capitalization of $4.99 billion, a PE ratio of 81.81 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a 1-year low of $21.22 and a 1-year high of $81.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 2.87.

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 business 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%. As a group, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Institutional Trading of Solaris Energy Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew 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 valued at $67,408,000 after purchasing an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after purchasing an additional 1,116,794 shares during the last quarter. Advent International L.P. bought a new stake in shares of Solaris Energy Infrastructure in the third quarter worth about $40,246,000. Value Aligned Research Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the fourth quarter worth about $44,864,000. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the third quarter worth about $35,050,000. 67.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SEI. UBS Group set a $65.00 price target on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Glj Research began coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective on the stock. Citigroup raised their price objective on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley restated an “overweight” rating and set a $81.00 price objective on shares of Solaris Energy Infrastructure in a research report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $75.18.

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.