Solaris Energy Infrastructure (NYSE:SEI) Stock Price Up 7.5% – Here’s Why

Solaris Energy Infrastructure, Inc. (NYSE:SEI)’s stock price was up 7.5% during trading on Thursday . The company traded as high as $56.27 and last traded at $55.90. Approximately 1,388,237 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 2,110,160 shares. The stock had previously closed at $52.02.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Piper Sandler boosted their target price on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Northland Securities set a $70.00 price target on Solaris Energy Infrastructure in a research note on Monday, January 5th. Citigroup raised their price objective on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday, December 29th. Two equities research 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 company. According to data from MarketBeat, Solaris Energy Infrastructure has an average rating of “Buy” and an average price target of $53.70.

Solaris Energy Infrastructure Stock Performance

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 company has a market cap of $3.91 billion, a PE ratio of 60.76 and a beta of 1.12. The company’s 50 day moving average price is $48.35 and its 200-day moving average price is $40.84.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. The business had revenue of $166.84 million during the quarter, compared to analyst estimates 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanda M. Brock acquired 3,669 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $40.89 per share, for a total transaction of $150,025.41. Following the purchase, the chief executive officer owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. The trade was a 2.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total transaction of $106,056,367.45. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,164,094 shares of company stock worth $108,255,773 in the last quarter. 21.20% of the stock is currently owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of SEI. Assetmark Inc. bought a new position in shares of Solaris Energy Infrastructure in the second quarter worth $25,000. Strs Ohio bought a new position in Solaris Energy Infrastructure in the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at about $31,000. Larson Financial Group LLC boosted its position in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares during the last quarter. Finally, Chung Wu Investment Group LLC bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at about $52,000. 67.44% of the stock is currently owned by hedge funds and other 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.