Solaris Energy Infrastructure (NYSE:SEI) CAO Sells $54,054.00 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) CAO Christopher Wirtz sold 700 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $77.22, for a total value of $54,054.00. Following the completion of the transaction, the chief accounting officer owned 36,085 shares of the company’s stock, valued at $2,786,483.70. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Solaris Energy Infrastructure Stock Up 0.3%

Shares of SEI opened at $78.48 on Friday. Solaris Energy Infrastructure, Inc. has a 52 week low of $21.22 and a 52 week high of $81.24. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 88.18 and a beta of 1.25. 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 stock has a fifty day moving average of $63.83 and a 200-day moving average of $55.06.

Solaris Energy Infrastructure (NYSE:SEI) last announced 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. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The company had revenue of $196.24 million during the quarter. As a group, sell-side analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SEI. Signaturefd LLC lifted its position in Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Solaris Energy Infrastructure in the 4th quarter valued at about $28,000. Strs Ohio bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure in the 3rd quarter valued at about $31,000. Finally, Larson Financial Group LLC lifted its position in Solaris Energy Infrastructure by 363.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

SEI has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Northland Securities set a $86.00 price target on Solaris Energy Infrastructure in a research note on Thursday, April 30th. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Wall Street Zen lowered Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, Piper Sandler raised their target price on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Seven 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 currently has an average rating of “Moderate Buy” and a consensus target price of $79.10.

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.