Solaris Energy Infrastructure, Inc. (NYSE:SEI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $56.10.

SEI has been the subject of several recent analyst reports. Northland Securities set a $70.00 price objective on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Zacks Research lowered Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Morgan Stanley started coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective for the company. Raymond James Financial reissued an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Finally, UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a research note on Tuesday, January 27th.

Insider Activity at Solaris Energy Infrastructure

In related news, CEO Amanda M. Brock bought 3,669 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average price of $40.89 per share, with a total value of $150,025.41. Following the purchase, the chief executive officer owned 141,080 shares of the company’s stock, valued at approximately $5,768,761.20. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aj Teague purchased 2,310 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $43.13 per share, with a total value of $99,630.30. Following the completion of the purchase, the director owned 106,465 shares of the company’s stock, valued at $4,591,835.45. This represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SEI. Hiddenite Capital Partners LP bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at $13,990,000. AE Wealth Management LLC grew its position in Solaris Energy Infrastructure by 39.7% during the 2nd quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock valued at $3,398,000 after purchasing an additional 34,164 shares during the last quarter. Ardsley Advisory Partners LP purchased a new position in Solaris Energy Infrastructure in the second quarter worth about $566,000. AGF Management Ltd. bought a new position in shares of Solaris Energy Infrastructure in the third quarter worth approximately $6,613,000. Finally, Westwood Holdings Group Inc. lifted its stake in shares of Solaris Energy Infrastructure by 11.8% in the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock worth $42,569,000 after buying an additional 158,338 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Up 2.8%

Shares of NYSE SEI opened at $53.05 on Tuesday. The firm’s fifty day moving average is $50.82 and its 200 day moving average is $43.59. Solaris Energy Infrastructure has a 52 week low of $14.27 and a 52 week high of $59.80. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 56.44 and a beta of 1.14.

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.