Brokerages Set Solaris Energy Infrastructure, Inc. (NYSE:SEI) Price Target at $85.50

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $85.50.

Several analysts have commented on the company. Wolfe Research began coverage on Solaris Energy Infrastructure in a research note on Monday, July 6th. They set an “outperform” rating and a $120.00 price objective for the company. Morgan Stanley lifted their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Stifel Nicolaus boosted their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup upped their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company raised Solaris Energy Infrastructure from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $82.00 to $73.00 in a report on Monday.

Solaris Energy Infrastructure Price Performance

Shares of NYSE:SEI opened at $57.19 on Tuesday. The company has a 50-day simple moving average of $67.64 and a 200-day simple moving average of $63.17. Solaris Energy Infrastructure has a one year low of $24.57 and a one year high of $86.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 67.28 and a beta of 1.23.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 14.08%. The business had revenue of $219.40 million during the quarter. On average, analysts predict that Solaris Energy Infrastructure will post 1.01 EPS for the current year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, CAO Christopher P. Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total value of $54,054.00. Following the sale, the chief accounting officer owned 36,085 shares of the company’s stock, valued at $2,786,483.70. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the transaction, the director directly owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This represents a 10.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 42,752 shares of company stock valued at $3,183,295. 20.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors have recently added to or reduced their stakes in SEI. Bank of New York Mellon Corp purchased a new position in shares of Solaris Energy Infrastructure during the 2nd quarter worth approximately $30,881,000. Balefire LLC acquired a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at approximately $223,000. Wealth High Governance Asset Management Ltda. boosted its stake in shares of Solaris Energy Infrastructure by 35.0% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 104,336 shares of the company’s stock valued at $5,896,000 after buying an additional 27,066 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Solaris Energy Infrastructure by 15.8% in the first quarter. Glenmede Trust Co. NA now owns 16,987 shares of the company’s stock valued at $960,000 after buying an additional 2,316 shares in the last quarter. Finally, Amundi grew its holdings in Solaris Energy Infrastructure by 51.7% during the first quarter. Amundi now owns 8,497 shares of the company’s stock worth $480,000 after acquiring an additional 2,895 shares during the period. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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.