Insider Selling: Solaris Energy Infrastructure (NYSE:SEI) Director Sells 56,841 Shares of Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Ray Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $72.11, for a total value of $4,098,804.51. Following the completion of the sale, the director directly owned 5,760 shares of the company’s stock, valued at $415,353.60. The trade was a 90.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Solaris Energy Infrastructure Trading Up 2.5%

SEI stock traded up $1.85 on Monday, reaching $74.81. The company’s stock had a trading volume of 1,861,033 shares, compared to its average volume of 2,715,659. The business has a fifty day simple moving average of $60.72 and a two-hundred day simple moving average of $53.96. Solaris Energy Infrastructure, Inc. has a 12-month low of $21.22 and a 12-month high of $81.24. The firm has a market cap of $5.12 billion, a PE ratio of 84.06 and a beta of 1.25. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.44 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 company had revenue of $196.24 million during the quarter. As a group, research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Solaris Energy Infrastructure by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 11,861 shares of the company’s stock worth $670,000 after purchasing an additional 686 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Solaris Energy Infrastructure by 19.6% in the first quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock worth $49,239,000 after purchasing an additional 142,973 shares during the last quarter. Swiss National Bank boosted its position in Solaris Energy Infrastructure by 0.7% in the first quarter. Swiss National Bank now owns 86,900 shares of the company’s stock worth $4,911,000 after purchasing an additional 600 shares during the last quarter. Precision Wealth Strategies LLC purchased a new position in Solaris Energy Infrastructure in the first quarter worth about $1,205,000. Finally, Jennison Associates LLC raised its stake in shares of Solaris Energy Infrastructure by 215.1% in the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock worth $66,667,000 after buying an additional 805,319 shares during the period. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler increased their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 price objective on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Stifel Nicolaus increased their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $81.00 target price on shares of Solaris Energy Infrastructure in a research report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.