Situational Awareness LP Decreases Stake in Solaris Energy Infrastructure, Inc. $SEI

Situational Awareness LP cut its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 40.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,105,551 shares of the company’s stock after selling 760,949 shares during the quarter. Solaris Energy Infrastructure comprises 0.5% of Situational Awareness LP’s investment portfolio, making the stock its 9th biggest position. Situational Awareness LP’s holdings in Solaris Energy Infrastructure were worth $62,475,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System grew its position in shares of Solaris Energy Infrastructure by 24.2% during the 1st quarter. California State Teachers Retirement System now owns 51,791 shares of the company’s stock valued at $2,927,000 after purchasing an additional 10,083 shares in the last quarter. Rokos Capital Management LLP purchased a new stake in shares of Solaris Energy Infrastructure in the first quarter worth $1,900,000. The Manufacturers Life Insurance Company raised its position in shares of Solaris Energy Infrastructure by 8.7% in the first quarter. The Manufacturers Life Insurance Company now owns 22,561 shares of the company’s stock worth $1,275,000 after buying an additional 1,815 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Solaris Energy Infrastructure by 21.4% during the first quarter. Quantinno Capital Management LP now owns 26,064 shares of the company’s stock valued at $1,473,000 after buying an additional 4,600 shares during the period. Finally, SummitTX Capital L.P. boosted its stake in Solaris Energy Infrastructure by 53.0% during the first quarter. SummitTX Capital L.P. now owns 20,052 shares of the company’s stock valued at $1,133,000 after buying an additional 6,942 shares during the period. 67.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SEI shares. Wolfe Research started coverage on Solaris Energy Infrastructure in a research note on Monday, July 6th. They issued an “outperform” rating and a $120.00 target price on the stock. Citigroup lifted their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Needham & Company LLC started coverage on Solaris Energy Infrastructure in a report on Monday, June 29th. They set a “buy” rating and a $97.00 price objective for the company. Piper Sandler upped their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Finally, Barclays upped their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.25.

Insider Transactions at Solaris Energy Infrastructure

In related news, Director Laurie H. Argo sold 5,200 shares of the firm’s 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 $3,267,866.32. This trade represents a 10.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray N. Walker, Jr. sold 56,841 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $72.11, for a total transaction of $4,098,804.51. Following the completion of the transaction, the director owned 5,760 shares in the company, valued at $415,353.60. This represents a 90.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 4,099,593 shares of company stock worth $297,782,099. Corporate insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $47.32 on Wednesday. The business has a 50 day moving average of $70.38 and a 200 day moving average of $63.17. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 53.17 and a beta of 1.17. Solaris Energy Infrastructure, Inc. has a 1-year low of $24.57 and a 1-year high of $86.19. 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 issued its quarterly earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The business had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. On average, sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 1.01 earnings per share for the current fiscal year.

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.