Solaris Energy Infrastructure (NYSE:SEI) Stock Price Down 8.5% – Should You Sell?

Solaris Energy Infrastructure, Inc. (NYSE:SEI) shares fell 8.5% on Thursday . The company traded as low as $61.34 and last traded at $61.42. 722,797 shares were traded during trading, a decline of 73% from the average session volume of 2,667,362 shares. The stock had previously closed at $67.10.

Wall Street Analysts Forecast Growth

SEI has been the subject of a number of recent research reports. Barclays boosted their price target 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. 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. Wells Fargo & Company raised their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 29th. Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $82.00 target price on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.25.

Solaris Energy Infrastructure Trading Down 10.1%

The stock’s 50-day moving average price is $73.39 and its 200 day moving average price is $62.53. 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 firm has a market capitalization of $4.43 billion, a PE ratio of 67.75 and a beta of 1.17.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share 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 firm had revenue of $196.24 million during the quarter. On average, sell-side analysts expect that Solaris Energy Infrastructure, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity

In other Solaris Energy Infrastructure news, insider Christopher M. Powell sold 36,852 shares of Solaris Energy Infrastructure stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $74.63, for a total transaction of $2,750,264.76. Following the completion of the sale, the insider owned 114,117 shares of the company’s stock, valued at approximately $8,516,551.71. The trade was a 24.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christopher P. Wirtz sold 700 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total transaction of $54,054.00. Following the completion of the transaction, the chief accounting officer owned 36,085 shares in the company, valued at approximately $2,786,483.70. This trade represents a 1.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,099,593 shares of company stock worth $297,782,099. Company insiders own 20.23% of the company’s stock.

Institutional Inflows and Outflows

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

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.