Callahan Advisors LLC Takes Position in Solaris Energy Infrastructure, Inc. $SEI

Callahan Advisors LLC purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,000 shares of the company’s stock, valued at approximately $322,000.

A number of other large investors also recently added to or reduced their stakes in SEI. Cullen Frost Bankers Inc. acquired a new stake in shares of Solaris Energy Infrastructure in the fourth quarter valued at about $28,000. Creative Financial Designs Inc. ADV lifted its stake in Solaris Energy Infrastructure by 5.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after buying an additional 205 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Solaris Energy Infrastructure by 24.1% in the 4th quarter. ProShare Advisors LLC now owns 7,739 shares of the company’s stock worth $356,000 after buying an additional 1,502 shares during the last quarter. Stephens Inc. AR increased its stake in Solaris Energy Infrastructure by 12.3% during the 4th quarter. Stephens Inc. AR now owns 8,619 shares of the company’s stock worth $396,000 after buying an additional 944 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Solaris Energy Infrastructure by 10,548.3% during the 4th quarter. Bessemer Group Inc. now owns 280,582 shares of the company’s stock worth $12,898,000 after buying an additional 277,947 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Northland Securities set a $86.00 price target on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Wells Fargo & Company lifted their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Piper Sandler increased their target price on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Glj Research initiated 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 target on the stock. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Insider Activity

In related news, Director Aj Teague bought 2,750 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $72.98 per share, for a total transaction of $200,695.00. Following the acquisition, the director owned 11,060 shares of the company’s stock, valued at approximately $807,158.80. This trade represents a 33.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher M. Powell sold 36,852 shares of the company’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 transaction, the insider owned 114,117 shares in the company, valued at $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,099,593 shares of company stock worth $297,782,099. 20.23% of the stock is currently owned by corporate insiders.

Solaris Energy Infrastructure Trading Up 2.7%

Shares of SEI opened at $73.35 on Friday. Solaris Energy Infrastructure, Inc. has a 12-month low of $21.68 and a 12-month high of $81.24. The firm has a market capitalization of $5.02 billion, a P/E ratio of 82.42 and a beta of 1.25. The firm has a 50-day moving average price of $65.55 and a 200 day moving average price of $55.68. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly 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. The business had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. Sell-side analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current 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.