Solaris Energy Infrastructure (NYSE:SEI) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Solaris Energy Infrastructure (NYSE:SEI) from a sell rating to a strong sell rating in a report issued on Saturday morning.

A number of other analysts have also recently issued reports on the stock. Wolfe Research began coverage on shares of Solaris Energy Infrastructure in a research note on Monday, July 6th. They set an “outperform” rating and a $120.00 target price for the company. Raymond James Financial reissued an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Needham & Company LLC raised their price objective on shares of Solaris Energy Infrastructure from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings cut Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 17th. Finally, Piper Sandler upped their target price 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. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.33.

Solaris Energy Infrastructure Price Performance

Shares of NYSE SEI opened at $58.76 on Friday. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23. The business’s 50 day moving average price is $67.20 and its two-hundred day moving average price is $63.20. The company has a market cap of $4.32 billion, a PE ratio of 69.13 and a beta of 1.23. Solaris Energy Infrastructure has a twelve month low of $24.57 and a twelve month high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last issued its earnings results on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%.The company had revenue of $219.40 million during the quarter. On average, analysts predict that Solaris Energy Infrastructure will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CAO Christopher P. Wirtz sold 700 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total transaction of $54,054.00. Following the transaction, the chief accounting officer directly owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.23% of the company’s stock.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in SEI. Creative Financial Designs Inc. ADV raised its position in shares of Solaris Energy Infrastructure by 5.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,920 shares of the company’s stock valued at $180,000 after buying an additional 205 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Solaris Energy Infrastructure by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company’s stock worth $1,467,000 after acquiring an additional 391 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Solaris Energy Infrastructure by 3.3% during the 2nd quarter. Cerity Partners LLC now owns 12,551 shares of the company’s stock worth $355,000 after acquiring an additional 397 shares in the last quarter. California State Teachers Retirement System increased its stake in Solaris Energy Infrastructure by 1.4% in the second quarter. California State Teachers Retirement System now owns 32,282 shares of the company’s stock valued at $913,000 after acquiring an additional 454 shares during the last quarter. Finally, Signaturefd LLC increased its stake in 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 acquiring an additional 476 shares during the last quarter. 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.