Laurie Argo Sells 2,300 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Laurie Argo sold 2,300 shares of Solaris Energy Infrastructure 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 directly owned 50,039 shares in the company, valued at approximately $2,214,225.75. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Solaris Energy Infrastructure Trading Up 5.9%

SEI traded up $2.39 during trading on Thursday, hitting $43.03. 3,038,598 shares of the stock traded hands, compared to its average volume of 2,197,525. The firm has a market capitalization of $2.95 billion, a P/E ratio of 45.78 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 12-month low of $14.27 and a 12-month high of $57.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The firm has a 50-day moving average of $49.36 and a 200 day moving average of $37.74.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. The company had revenue of $166.84 million for the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%. Equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SEI shares. Weiss Ratings restated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday. Northland Securities set a $61.00 price objective on shares of Solaris Energy Infrastructure in a report on Thursday, October 9th. Barclays lifted their target price on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Citigroup increased their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $52.80.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Large investors have recently made changes to their positions in the business. Assetmark Inc. increased its position in Solaris Energy Infrastructure by 29.1% during the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after buying an additional 255 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of 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 acquiring an additional 295 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Solaris Energy Infrastructure by 17.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock valued at $62,000 after acquiring an additional 333 shares in the last quarter. Legal & General Group Plc raised its position in shares of Solaris Energy Infrastructure by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock worth $1,467,000 after purchasing an additional 391 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Solaris Energy Infrastructure by 3.3% in the 2nd quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock worth $355,000 after purchasing an additional 397 shares in the last quarter. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.