Whalen Wealth Management Inc. Purchases Shares of 22,021 Solaris Energy Infrastructure, Inc. $SEI

Whalen Wealth Management Inc. purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,021 shares of the company’s stock, valued at approximately $880,000.

A number of other large investors have also recently made changes to their positions in SEI. Vanguard Group Inc. purchased a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $35,060,000. Russell Investments Group Ltd. bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter valued at $1,695,000. Deutsche Bank AG purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $1,597,000. AE Wealth Management LLC boosted its holdings in Solaris Energy Infrastructure by 39.7% in the 2nd quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock worth $3,398,000 after buying an additional 34,164 shares during the period. Finally, Ardsley Advisory Partners LP purchased a new stake in Solaris Energy Infrastructure in the 2nd quarter worth $566,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $43.03 on Friday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 45.78 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a 1 year low of $14.27 and a 1 year high of $57.17. The stock’s 50 day simple moving average is $49.27 and its two-hundred day simple moving average is $37.78. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28.

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, beating 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 firm had revenue of $166.84 million during the quarter, compared to analyst estimates of $142.82 million. As a group, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Zacks Research downgraded Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Barclays lifted their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday. Northland Securities set a $61.00 price objective on shares of Solaris Energy Infrastructure in a research report on Thursday, October 9th. Finally, Citigroup upped their target price on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $52.80.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of Solaris Energy Infrastructure stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total value of $106,056,367.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laurie H. Argo sold 2,300 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total transaction of $101,775.00. Following the sale, the director owned 50,039 shares in the company, valued at $2,214,225.75. This represents a 4.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,164,094 shares of company stock worth $108,255,773. Insiders own 21.20% of the company’s stock.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.