Geode Capital Management LLC Has $24.43 Million Stock Position in Solaris Energy Infrastructure, Inc. $SEI

Geode Capital Management LLC increased its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 10.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 863,553 shares of the company’s stock after purchasing an additional 83,914 shares during the period. Geode Capital Management LLC owned approximately 1.28% of Solaris Energy Infrastructure worth $24,433,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SEI. Encompass Capital Advisors LLC bought a new position in Solaris Energy Infrastructure in the 1st quarter valued at about $78,967,000. Driehaus Capital Management LLC acquired a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth approximately $44,073,000. Vanguard Group Inc. bought a new position in Solaris Energy Infrastructure in the first quarter valued at approximately $35,060,000. Westwood Holdings Group Inc. acquired a new position in Solaris Energy Infrastructure during the first quarter valued at approximately $29,298,000. Finally, Millennium Management LLC bought a new stake in Solaris Energy Infrastructure during the first quarter worth $24,335,000. Institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

SEI has been the topic of several recent analyst reports. Zacks Research lowered Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a research report on Monday. Barclays increased their target price on shares of Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Northland Securities set a $61.00 price target on shares of Solaris Energy Infrastructure in a report on Thursday, October 9th. Finally, Piper Sandler upped their price objective on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $51.11.

Insiders Place Their Bets

In related news, CFO Kyle S. Ramachandran acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average cost of $25.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the chief financial officer directly owned 370,338 shares in the company, valued at $9,258,450. The trade was a 0.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total value of $106,056,367.45. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Stock Up 2.7%

NYSE:SEI opened at $47.89 on Friday. Solaris Energy Infrastructure, Inc. has a one year low of $14.27 and a one year high of $57.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28. The company has a market cap of $3.28 billion, a PE ratio of 50.95 and a beta of 1.12. The firm’s 50 day simple moving average is $47.24 and its 200 day simple moving average is $35.36.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. The firm had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. On average, research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Solaris Energy Infrastructure Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.