Ceredex Value Advisors LLC Purchases Shares of 876,900 Solaris Energy Infrastructure, Inc. $SEI

Ceredex Value Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 876,900 shares of the company’s stock, valued at approximately $35,050,000.

Several other large investors also recently modified their holdings of the stock. Assetmark Inc. increased its stake in shares of Solaris Energy Infrastructure by 29.1% in 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 in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Solaris Energy Infrastructure by 2.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company’s stock worth $436,000 after purchasing an additional 295 shares during the period. Legal & General Group Plc increased its stake in Solaris Energy Infrastructure by 1.1% in the third quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock valued at $1,467,000 after purchasing an additional 391 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Solaris Energy Infrastructure by 3.3% during the second quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock valued at $355,000 after purchasing an additional 397 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Solaris Energy Infrastructure by 1.4% during the 2nd quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock worth $913,000 after purchasing an additional 454 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

NYSE:SEI opened at $49.59 on Tuesday. Solaris Energy Infrastructure, Inc. has a 52-week low of $14.27 and a 52-week high of $61.36. The stock has a fifty day moving average of $52.18 and a 200 day moving average of $46.60. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 69.85 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The firm had revenue of $179.70 million for the quarter. On average, research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In related news, Director Aj Teague acquired 2,310 shares of the stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $43.13 per share, for a total transaction of $99,630.30. Following the transaction, the director owned 106,465 shares in the company, valued at $4,591,835.45. This represents a 2.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Laurie H. Argo sold 2,300 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the transaction, the director owned 50,039 shares of the company’s stock, valued at $2,214,225.75. This trade represents a 4.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 21.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SEI shares. Morgan Stanley began coverage on Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 target price for the company. Northland Securities set a $70.00 price target on Solaris Energy Infrastructure in a research note on Monday, January 5th. Weiss Ratings lowered Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Finally, Glj Research assumed coverage on Solaris Energy Infrastructure in a report on Thursday. They set a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.60.

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.