Solaris Energy Infrastructure (NYSE:SEI) Shares Down 11% – Time to Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s share price was down 11% during trading on Thursday . The company traded as low as $49.03 and last traded at $49.12. Approximately 1,969,421 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 2,897,641 shares. The stock had previously closed at $55.22.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays boosted their price target on Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday. Piper Sandler increased their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Zacks Research downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. UBS Group set a $65.00 price target on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Finally, Morgan Stanley started coverage on shares of Solaris Energy Infrastructure in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $56.22.

Solaris Energy Infrastructure Stock Performance

The firm has a market capitalization of $3.36 billion, a PE ratio of 69.18 and a beta of 1.14. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.28 and a current ratio of 2.39. The business’s fifty day simple moving average is $51.41 and its 200-day simple moving average is $45.28.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. The firm had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 12.06%. As a group, equities research analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Insider Activity at Solaris Energy Infrastructure

In other news, Director Aj Teague acquired 2,310 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 106,465 shares in the company, valued at approximately $4,591,835.45. This trade represents a 2.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cynthia M. Durrett sold 47,011 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the completion of the sale, the insider owned 131,152 shares in the company, valued at $5,852,002.24. This represents a 26.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.20% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently bought and sold shares of SEI. Principal Financial Group Inc. lifted its position in Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after purchasing an additional 1,400,311 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after acquiring an additional 1,116,794 shares during the last quarter. Advent International L.P. bought a new stake in Solaris Energy Infrastructure during the third quarter worth approximately $40,246,000. Value Aligned Research Advisors LLC bought a new stake in Solaris Energy Infrastructure during the fourth quarter worth approximately $44,864,000. Finally, Ceredex Value Advisors LLC bought a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at approximately $35,050,000. Institutional investors own 67.44% of the company’s stock.

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.