Solaris Energy Infrastructure (NYSE:SEI) Cut to Strong Sell at Zacks Research

Solaris Energy Infrastructure (NYSE:SEI) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research firms have also issued reports on SEI. Glj Research initiated coverage on shares of Solaris Energy Infrastructure in a research note on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price on the stock. Piper Sandler boosted their target price 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. Barclays upped their price target on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Finally, Stifel Nicolaus lifted their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.18.

Solaris Energy Infrastructure Stock Down 9.0%

Shares of Solaris Energy Infrastructure stock opened at $73.23 on Tuesday. The stock has a market capitalization of $5.39 billion, a P/E ratio of 82.28 and a beta of 1.17. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The stock has a 50 day moving average price of $74.27 and a two-hundred day moving average price of $60.90. Solaris Energy Infrastructure has a 12-month low of $24.57 and a 12-month high of $86.19.

Solaris Energy Infrastructure (NYSE:SEI) last released 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 net margin of 6.69% and a return on equity of 13.33%. The company had revenue of $196.24 million for the quarter. Equities analysts expect that Solaris Energy Infrastructure will post 1.09 earnings per share for the current year.

Insider Activity

In other Solaris Energy Infrastructure news, Director W Howard Keenan, Jr. sold 2,000,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.50, for a total value of $149,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray N. Walker, Jr. sold 56,841 shares of the business’s stock in a transaction dated 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 transaction, the director owned 5,760 shares in the company, valued at approximately $415,353.60. The trade was a 90.80% decrease in their position. The SEC filing for this sale provides additional information. Over 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.

Institutional Investors Weigh In On Solaris Energy Infrastructure

A number of institutional investors have recently added to or reduced their stakes in SEI. Royal Bank of Canada acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $477,000. AQR Capital Management LLC bought a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth approximately $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $396,000. Goldman Sachs Group Inc. acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $13,714,000. Finally, Strs Ohio bought a new stake in shares of Solaris Energy Infrastructure during the first quarter valued at approximately $28,000. 67.44% of the stock is owned by institutional investors and hedge funds.

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.