Citigroup Lowers Solaris Energy Infrastructure (NYSE:SEI) Price Target to $61.00

Solaris Energy Infrastructure (NYSE:SEI) had its price objective lowered by investment analysts at Citigroup from $62.00 to $61.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 18.45% from the stock’s current price.

Several other equities research analysts also recently commented on the company. Zacks Research downgraded Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Piper Sandler lifted their price target on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Northland Securities set a $70.00 price objective on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Finally, Glj Research initiated coverage on shares of Solaris Energy Infrastructure in a report on Thursday. They set a “buy” rating and a $60.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $57.10.

Solaris Energy Infrastructure Trading Up 4.1%

Shares of SEI stock traded up $2.05 during trading hours on Tuesday, hitting $51.50. 478,744 shares of the company were exchanged, compared to its average volume of 2,804,418. The company has a 50 day simple moving average of $52.18 and a two-hundred day simple moving average of $46.60. The firm has a market cap of $3.53 billion, a P/E ratio of 72.54 and a beta of 1.13. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96. Solaris Energy Infrastructure has a fifty-two week low of $14.27 and a fifty-two week high of $61.36.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The business had revenue of $179.70 million during the quarter. Equities analysts anticipate that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Insider Activity

In other news, Director Aj Teague acquired 2,310 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $43.13 per share, for a total transaction of $99,630.30. Following the purchase, the director owned 106,465 shares in the company, valued at approximately $4,591,835.45. This represents a 2.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Amanda M. Brock purchased 3,669 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $40.89 per share, for a total transaction of $150,025.41. Following the completion of the acquisition, the chief executive officer directly owned 141,080 shares of the company’s stock, valued at $5,768,761.20. This trade represents a 2.67% increase in their position. The SEC filing for this purchase provides additional information. 21.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in SEI. Caitong International Asset Management Co. Ltd grew its position in Solaris Energy Infrastructure by 179.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,194 shares of the company’s stock valued at $101,000 after buying an additional 1,408 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in shares of Solaris Energy Infrastructure during the 4th quarter valued at approximately $10,591,000. Empowered Funds LLC purchased a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth approximately $92,000. XTX Topco Ltd raised its holdings in shares of Solaris Energy Infrastructure by 169.3% in the 4th quarter. XTX Topco Ltd now owns 33,129 shares of the company’s stock worth $1,523,000 after purchasing an additional 20,826 shares during the period. Finally, Zacks Investment Management purchased a new position in Solaris Energy Infrastructure in the fourth quarter valued at approximately $2,240,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

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.