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

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $56.60.

Several equities research analysts have recently weighed in on the stock. Piper Sandler upped their target price on shares of Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Morgan Stanley began coverage on shares of Solaris Energy Infrastructure in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 price objective on the stock. UBS Group set a $65.00 target price on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Zacks Research lowered Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings cut Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday.

Insiders Place Their Bets

In related news, Director Laurie H. Argo sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $44.25, for a total value of $101,775.00. Following the completion of the sale, the director owned 50,039 shares of the company’s stock, valued at $2,214,225.75. This trade represents a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Aj Teague acquired 2,310 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average price of $43.13 per share, with a total value of $99,630.30. Following the transaction, the director directly owned 106,465 shares in the company, valued at $4,591,835.45. The trade was a 2.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 21.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Solaris Energy Infrastructure

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Solaris Energy Infrastructure by 2,120.7% in 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 during the period. Van ECK Associates Corp raised its holdings in shares of Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after purchasing an additional 1,116,794 shares during the period. Advent International L.P. bought a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at about $40,246,000. Value Aligned Research Advisors LLC acquired a new stake in Solaris Energy Infrastructure in the 4th quarter valued at about $44,864,000. Finally, Ceredex Value Advisors LLC bought a new position in Solaris Energy Infrastructure during the third quarter worth about $35,050,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Down 2.6%

Solaris Energy Infrastructure stock opened at $49.14 on Friday. Solaris Energy Infrastructure has a 12 month low of $14.27 and a 12 month high of $61.36. The company has a quick ratio of 2.28, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $52.08 and a two-hundred day moving average price of $46.18. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 69.21 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The company had revenue of $179.70 million during the quarter. As a group, equities analysts forecast that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

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.