Barclays Issues Positive Forecast for Solaris Energy Infrastructure (NYSE:SEI) Stock Price

Solaris Energy Infrastructure (NYSE:SEI) had its price objective raised by Barclays from $63.00 to $74.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also weighed in on SEI. Wall Street Zen cut shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Zacks Research upgraded Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Citigroup decreased their target price on Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Weiss Ratings lowered Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.20.

Solaris Energy Infrastructure Trading Up 11.0%

Shares of SEI stock opened at $63.26 on Tuesday. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 89.10 and a beta of 1.13. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. Solaris Energy Infrastructure has a fifty-two week low of $14.27 and a fifty-two week high of $66.66. The firm’s 50 day moving average price is $53.02 and its two-hundred day moving average price is $47.69.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, analysts anticipate that Solaris Energy Infrastructure will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its holdings in Solaris Energy Infrastructure by 507.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,652 shares of the company’s stock worth $76,000 after purchasing an additional 1,380 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Solaris Energy Infrastructure by 179.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,194 shares of the company’s stock valued at $101,000 after purchasing an additional 1,408 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $10,591,000. Empowered Funds LLC bought a new position in shares of Solaris Energy Infrastructure in the fourth quarter valued at approximately $92,000. Finally, XTX Topco Ltd lifted its stake in shares of Solaris Energy Infrastructure by 169.3% in the fourth quarter. XTX Topco Ltd now owns 33,129 shares of the company’s stock worth $1,523,000 after buying an additional 20,826 shares during the last quarter. 67.44% of the stock is owned by institutional investors.

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.