Assenagon Asset Management S.A. Has $10.46 Million Stock Holdings in Solaris Energy Infrastructure, Inc. $SEI

Assenagon Asset Management S.A. lowered its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 42.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 227,542 shares of the company’s stock after selling 168,012 shares during the period. Assenagon Asset Management S.A. owned approximately 0.33% of Solaris Energy Infrastructure worth $10,460,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Solaris Energy Infrastructure by 9.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,664,870 shares of the company’s stock valued at $106,515,000 after purchasing an additional 224,021 shares during the period. Westwood Holdings Group Inc. grew 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 valued at $42,569,000 after acquiring an additional 158,338 shares in the last quarter. Van ECK Associates Corp increased its position in Solaris Energy Infrastructure by 623.5% during the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after acquiring an additional 1,116,794 shares during the period. GW&K Investment Management LLC increased its position in Solaris Energy Infrastructure by 12.5% during the third quarter. GW&K Investment Management LLC now owns 1,177,830 shares of the company’s stock worth $47,078,000 after acquiring an additional 130,975 shares during the period. Finally, Two Sigma Investments LP raised its stake in Solaris Energy Infrastructure by 88.9% in the 3rd quarter. Two Sigma Investments LP now owns 1,007,320 shares of the company’s stock worth $40,263,000 after purchasing an additional 474,087 shares in the last quarter. 67.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SEI has been the topic of several recent research reports. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Glj Research started coverage on Solaris Energy Infrastructure in a research note on Thursday, March 5th. They set a “buy” rating and a $60.00 price objective on the stock. 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. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.36.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $57.98 on Friday. The company has a market capitalization of $3.97 billion, a PE ratio of 81.66 and a beta of 1.13. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $70.17. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.87 and a current ratio of 2.96. The company has a 50 day simple moving average of $54.49 and a two-hundred day simple moving average of $49.32.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 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 for the quarter. Research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

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.