BW Gestao de Investimentos Ltda. Invests $6.27 Million in Solaris Energy Infrastructure, Inc. $SEI

BW Gestao de Investimentos Ltda. purchased a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 136,365 shares of the company’s stock, valued at approximately $6,269,000.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after acquiring an additional 476 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Solaris Energy Infrastructure in the fourth quarter valued at $28,000. Strs Ohio acquired a new position in Solaris Energy Infrastructure in the first quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure in the third quarter valued at $31,000. Finally, Larson Financial Group LLC increased its stake in Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after purchasing an additional 795 shares during the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SEI has been the subject of several analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Northland Securities set a $86.00 target price on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Glj Research initiated coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $79.10.

Insider Buying and Selling

In other news, Director Ray N. Walker, Jr. sold 56,841 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $72.11, for a total value of $4,098,804.51. Following the completion of the sale, the director owned 5,760 shares of the company’s stock, valued at $415,353.60. This represents a 90.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Christopher P. Wirtz sold 700 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total value of $54,054.00. Following the completion of the sale, the chief accounting officer directly owned 36,085 shares of the company’s stock, valued at $2,786,483.70. The trade was a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is owned by insiders.

Solaris Energy Infrastructure Price Performance

Shares of NYSE SEI opened at $68.78 on Wednesday. Solaris Energy Infrastructure, Inc. has a 1-year low of $24.57 and a 1-year high of $81.24. The business has a 50-day moving average of $67.29 and a 200-day moving average of $56.64. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 77.28 and a beta of 1.19.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The company had revenue of $196.24 million during the quarter. On average, equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current fiscal year.

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.