Solaris Energy Infrastructure (NYSE:SEI) Insider Christopher Powell Sells 36,852 Shares

Solaris Energy Infrastructure, Inc. (NYSE:SEI) insider Christopher Powell sold 36,852 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $74.63, for a total value of $2,750,264.76. Following the completion of the sale, the insider directly owned 114,117 shares of the company’s stock, valued at $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Solaris Energy Infrastructure Trading Up 2.4%

Shares of SEI traded up $1.77 during midday trading on Tuesday, reaching $76.43. The company had a trading volume of 2,296,972 shares, compared to its average volume of 2,711,116. Solaris Energy Infrastructure, Inc. has a 1-year low of $21.22 and a 1-year high of $81.24. The stock has a market cap of $5.23 billion, a PE ratio of 85.88 and a beta of 1.25. The firm has a 50 day simple moving average of $61.55 and a 200-day simple moving average of $54.29. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $196.24 million during the quarter. Research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farmers Trust Co. boosted its holdings in Solaris Energy Infrastructure by 3.2% during the 4th quarter. Farmers Trust Co. now owns 6,450 shares of the company’s stock valued at $297,000 after acquiring an additional 200 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Solaris Energy Infrastructure by 5.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after acquiring an additional 205 shares during the period. Assetmark Inc. boosted its holdings in Solaris Energy Infrastructure by 29.1% during the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after acquiring an additional 255 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Solaris Energy Infrastructure by 2.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock valued at $436,000 after acquiring an additional 295 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Solaris Energy Infrastructure by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after acquiring an additional 391 shares during the period. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SEI. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Raymond James Financial reissued an “outperform” rating and set a $82.00 price objective on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Piper Sandler raised their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Stifel Nicolaus raised their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently 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.