Solaris Energy Infrastructure, Inc. $SEI Position Lifted by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 146.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,000 shares of the company’s stock after purchasing an additional 611,000 shares during the quarter. Solaris Energy Infrastructure comprises approximately 3.4% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 10th biggest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Solaris Energy Infrastructure were worth $73,244,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SEI. Jennison Associates LLC lifted its position in Solaris Energy Infrastructure by 215.1% during the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after purchasing an additional 805,319 shares during the last quarter. Situational Awareness LP grew its stake in Solaris Energy Infrastructure by 2.2% in the 2nd quarter. Situational Awareness LP now owns 1,129,621 shares of the company’s stock worth $90,889,000 after buying an additional 24,070 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Solaris Energy Infrastructure by 19.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 871,462 shares of the company’s stock worth $49,239,000 after buying an additional 142,973 shares during the last quarter. Two Seas Capital LP bought a new position in shares of Solaris Energy Infrastructure in the 3rd quarter worth $56,007,000. Finally, Ranger Investment Management L.P. bought a new position in shares of Solaris Energy Infrastructure in the 2nd quarter worth $46,967,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Solaris Energy Infrastructure

In related news, Director A. Teague purchased 3,900 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $64.21 per share, for a total transaction of $250,419.00. Following the completion of the transaction, the director directly owned 116,865 shares of the company’s stock, valued at $7,503,901.65. This represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Price Performance

Shares of SEI stock opened at $61.89 on Tuesday. The firm has a market cap of $4.74 billion, a P/E ratio of 39.16 and a beta of 1.28. The business’s 50 day moving average price is $64.36 and its 200-day moving average price is $62.84. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $86.19. The company has a debt-to-equity ratio of 2.23, a quick ratio of 4.03 and a current ratio of 4.12.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The business had revenue of $219.40 million for the quarter. On average, equities research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on SEI. Needham & Company LLC raised their price objective on shares of Solaris Energy Infrastructure from $98.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Stifel Nicolaus lifted their price objective on shares of Solaris Energy Infrastructure from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Citigroup upped their target price on shares of Solaris Energy Infrastructure from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Morgan Stanley lifted their price target on Solaris Energy Infrastructure from $90.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, Raymond James Financial increased their target price on shares of Solaris Energy Infrastructure from $82.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $94.08.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure, Inc provides infrastructure solutions for energy-intensive industries in North America. The company develops, deploys and operates power-generation and power-management systems designed to deliver reliable electricity to customers with substantial or specialized energy needs, including data centers and other high-demand facilities.

Solaris also provides logistics infrastructure and related services for the oil and natural gas industry. Its offerings have included mobile and fixed proppant-management systems, silo storage, transloading and last-mile delivery solutions used to transport and manage sand and other materials at wellsites.

Founded in 2014 as Solaris Oilfield Infrastructure, the company historically focused on improving the efficiency of oilfield logistics before expanding into broader energy infrastructure and power solutions.