Dockside LLC Invests $3.80 Million in Solaris Energy Infrastructure, Inc. $SEI

Dockside LLC acquired a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 82,722 shares of the company’s stock, valued at approximately $3,803,000. Solaris Energy Infrastructure accounts for about 1.0% of Dockside LLC’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after acquiring an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of 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 worth $51,797,000 after purchasing an additional 1,116,794 shares during the period. Advent International L.P. acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth approximately $40,246,000. Ceredex Value Advisors LLC acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth approximately $35,050,000. Finally, 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. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Price Performance

NYSE SEI opened at $73.88 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $5.43 billion, a PE ratio of 83.01 and a beta of 1.19. The company has a 50 day moving average price of $69.70 and a two-hundred day moving average price of $58.30. Solaris Energy Infrastructure, Inc. has a 12-month low of $24.57 and a 12-month high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. The business had revenue of $196.24 million during the quarter. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christopher M. Powell sold 36,852 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $74.63, for a total value of $2,750,264.76. Following the completion of the sale, the insider directly owned 114,117 shares in the company, valued at approximately $8,516,551.71. The trade was a 24.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 44,839 shares of the company’s stock, valued at $3,267,866.32. The trade was a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,099,593 shares of company stock valued at $297,782,099 in the last three months. Company insiders own 20.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SEI shares. Piper Sandler lifted their target price on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Morgan Stanley lifted their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Stifel Nicolaus lifted their target price on shares of 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, Barclays lifted their target price on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $81.80.

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.