O Shaughnessy Asset Management LLC Has $6.85 Million Stake in Solaris Energy Infrastructure, Inc. $SEI

O Shaughnessy Asset Management LLC decreased its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,902 shares of the company’s stock after selling 54,227 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Solaris Energy Infrastructure were worth $6,845,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new position in Solaris Energy Infrastructure during the fourth quarter worth about $28,000. Signaturefd LLC increased its stake in shares of Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after buying an additional 476 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Solaris Energy Infrastructure in the third quarter valued at approximately $31,000. Larson Financial Group LLC increased its stake in shares of 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 buying an additional 795 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Solaris Energy Infrastructure by 29.1% in the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after buying an additional 255 shares during the period. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analyst Weigh In

SEI has been the subject of several recent research reports. 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 price objective for the company. Barclays upped their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Northland Securities set a $86.00 price objective on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Stifel Nicolaus upped their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Citigroup upped their price objective on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.00.

Insider Activity

In other Solaris Energy Infrastructure news, Director Laurie H. Argo sold 5,200 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the transaction, the director directly owned 44,839 shares in the company, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total value of $149,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,099,593 shares of company stock worth $297,782,099. Company insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

Shares of SEI stock opened at $68.38 on Thursday. The business’s 50 day simple moving average is $68.94 and its 200 day simple moving average is $57.95. Solaris Energy Infrastructure, Inc. has a one year low of $24.57 and a one year high of $81.24. The stock has a market capitalization of $5.03 billion, a PE ratio of 76.83 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating 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 business had revenue of $196.24 million for the quarter. As a group, research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.26 earnings per share for the current 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.