Stephens Investment Management Group LLC Has $12.88 Million Stock Position in Solaris Energy Infrastructure, Inc. $SEI

Stephens Investment Management Group LLC reduced its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 227,879 shares of the company’s stock after selling 19,699 shares during the period. Stephens Investment Management Group LLC’s holdings in Solaris Energy Infrastructure were worth $12,877,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SEI. Vanguard Group Inc. increased its holdings in shares of Solaris Energy Infrastructure by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after purchasing an additional 248,762 shares during the period. Situational Awareness LP boosted its holdings in shares of Solaris Energy Infrastructure by 62.3% during the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after purchasing an additional 716,200 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of 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 worth $67,408,000 after purchasing an additional 1,400,311 shares during the period. Van ECK Associates Corp grew its position in Solaris Energy Infrastructure by 623.5% during the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after purchasing an additional 1,116,794 shares in the last quarter. Finally, Advent International L.P. grew its position in Solaris Energy Infrastructure by 25.5% during the fourth quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock valued at $58,097,000 after purchasing an additional 256,909 shares in the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Trading Down 0.7%

NYSE:SEI opened at $66.71 on Monday. The stock’s 50 day moving average price is $74.31 and its 200 day moving average price is $61.21. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $86.19. The company has a market capitalization of $4.91 billion, a P/E ratio of 74.96 and a beta of 1.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. On average, research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Morgan Stanley boosted their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Needham & Company LLC started coverage on Solaris Energy Infrastructure in a report on Monday, June 29th. They set a “buy” rating and a $97.00 price objective for the company. Finally, Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $83.18.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the transaction, the director owned 5,760 shares in the company, valued at approximately $415,353.60. This trade represents a 90.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laurie H. Argo sold 5,200 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the sale, the director directly owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. The trade was a 10.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,099,593 shares of company stock worth $297,782,099 in the last ninety days. Company insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure 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.