Solaris Energy Infrastructure (NYSE:SEI) Now Covered by Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Solaris Energy Infrastructure (NYSE:SEI) in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $120.00 price objective on the stock.

Other equities research analysts have also issued reports about the company. Piper Sandler raised their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Needham & Company LLC started coverage on Solaris Energy Infrastructure in a research note on Monday, June 29th. They issued a “buy” rating and a $97.00 price target on the stock. Northland Securities set a $104.00 price objective on Solaris Energy Infrastructure in a report on Friday, June 12th. Stifel Nicolaus raised their target price on shares of Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Zacks Research downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.25.

Solaris Energy Infrastructure Stock Performance

Shares of SEI traded down $1.76 during mid-day trading on Monday, reaching $65.71. 148,611 shares of the company’s stock traded hands, compared to its average volume of 2,594,134. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The business’s 50-day moving average price is $74.24 and its 200-day moving average price is $61.37. The stock has a market capitalization of $4.83 billion, a P/E ratio of 73.83 and a beta of 1.17. Solaris Energy Infrastructure has a 12 month low of $24.57 and a 12 month high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data 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. The business 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%. Equities analysts predict that Solaris Energy Infrastructure will post 1.09 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Laurie H. Argo sold 5,200 shares of the 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 transaction, the director owned 44,839 shares in the company, valued at $3,267,866.32. This represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher P. Wirtz sold 700 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction 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 approximately $2,786,483.70. The trade was a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is owned by company insiders.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth High Governance Asset Management Ltda. increased its stake in Solaris Energy Infrastructure by 35.0% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 104,336 shares of the company’s stock valued at $5,896,000 after acquiring an additional 27,066 shares during the period. Glenmede Trust Co. NA boosted its position in Solaris Energy Infrastructure by 15.8% in the first quarter. Glenmede Trust Co. NA now owns 16,987 shares of the company’s stock valued at $960,000 after buying an additional 2,316 shares in the last quarter. Amundi raised its stake in shares of Solaris Energy Infrastructure by 51.7% in the first quarter. Amundi now owns 8,497 shares of the company’s stock valued at $480,000 after acquiring an additional 2,895 shares during the last quarter. California State Teachers Retirement System boosted its stake in Solaris Energy Infrastructure by 24.2% in the first quarter. California State Teachers Retirement System now owns 51,791 shares of the company’s stock worth $2,927,000 after purchasing an additional 10,083 shares in the last quarter. Finally, Rokos Capital Management LLP acquired a new stake in Solaris Energy Infrastructure in the 1st quarter valued at about $1,900,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

About Solaris Energy Infrastructure

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.