Solaris Energy Infrastructure (NYSE:SEI) Insider Christopher Powell Sells 36,852 Shares

Solaris Energy Infrastructure, Inc. (NYSE:SEI) insider Christopher Powell sold 36,852 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 114,117 shares in the company, valued at approximately $8,516,551.71. This trade represents a 24.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Solaris Energy Infrastructure Trading Up 2.4%

Shares of SEI stock opened at $76.43 on Wednesday. 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 stock’s 50 day simple moving average is $62.09 and its two-hundred day simple moving average is $54.50. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24. The company has a market cap of $5.23 billion, a PE ratio of 85.88 and a beta of 1.25.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results 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. 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 for the quarter. Research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SEI shares. Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Stifel Nicolaus increased their price target on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Barclays increased their price target on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Finally, Citigroup increased their price target on Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.18.

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after acquiring an additional 248,762 shares in the last quarter. Situational Awareness LP boosted its position in Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock valued at $85,803,000 after acquiring an additional 716,200 shares in the last quarter. Principal Financial Group Inc. boosted its position in Solaris Energy Infrastructure by 2,120.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after acquiring an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp boosted its position in Solaris Energy Infrastructure by 623.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after acquiring an additional 1,116,794 shares in the last quarter. Finally, Advent International L.P. boosted its position in Solaris Energy Infrastructure by 25.5% during the 4th quarter. Advent International L.P. now owns 1,263,809 shares of the company’s stock valued at $58,097,000 after acquiring an additional 256,909 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

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.