Solaris Energy Infrastructure (NYSE:SEI) Shares Up 7% – Still a Buy?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares were up 7% during trading on Friday . The company traded as high as $55.83 and last traded at $54.11. Approximately 659,418 shares were traded during trading, a decline of 67% from the average daily volume of 1,989,215 shares. The stock had previously closed at $50.55.

Analyst Ratings Changes

Several research firms have recently weighed in on SEI. Citigroup lifted their price objective on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Barclays lifted their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Morgan Stanley began coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Buy” and a consensus price target of $53.70.

Solaris Energy Infrastructure Price Performance

The stock has a market capitalization of $3.61 billion, a P/E ratio of 56.03 and a beta of 1.12. The business’s 50 day simple moving average is $48.30 and its two-hundred day simple moving average is $39.78. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69.

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

Insider Buying and Selling

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of Solaris Energy Infrastructure stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total transaction of $106,056,367.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cynthia M. Durrett sold 47,011 shares of the company’s stock in a transaction on 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 sale, the insider owned 131,152 shares of the company’s stock, valued at $5,852,002.24. This trade represents a 26.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,164,094 shares of company stock valued at $108,255,773. 21.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SEI. Millennium Management LLC bought a new stake in Solaris Energy Infrastructure in the 1st quarter worth about $24,335,000. Van ECK Associates Corp boosted its stake 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 worth $51,797,000 after buying an additional 1,116,794 shares during the last quarter. Advent International L.P. bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $40,246,000. Ceredex Value Advisors LLC bought a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $35,050,000. Finally, Goodlander Investment Management LLC purchased a new stake in shares of Solaris Energy Infrastructure during the second quarter valued at approximately $19,803,000. 67.44% of the stock is owned by institutional investors.

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.