Solaris Energy Infrastructure (NYSE:SEI) Upgraded at Zacks Research

Zacks Research upgraded shares of Solaris Energy Infrastructure (NYSE:SEI) from a strong sell rating to a hold rating in a report released on Thursday morning,Zacks.com reports.

Several other research firms also recently commented on SEI. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Barclays boosted their target price on shares of Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Morgan Stanley initiated coverage on Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price target for the company. Glj Research began coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a “buy” rating and a $60.00 price target for the company. 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 given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $57.10.

Solaris Energy Infrastructure Stock Performance

Shares of Solaris Energy Infrastructure stock opened at $52.18 on Thursday. The company has a market cap of $3.57 billion, a PE ratio of 73.49 and a beta of 1.13. Solaris Energy Infrastructure has a 52 week low of $14.27 and a 52 week high of $61.36. The company has a quick ratio of 2.87, 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 $52.72 and a 200-day moving average price of $47.17.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share 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 firm had revenue of $179.70 million during the quarter. Equities analysts anticipate that Solaris Energy Infrastructure will post 0.36 earnings per share for the current fiscal year.

Insider Activity

In other Solaris Energy Infrastructure news, 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 completion of the purchase, the director owned 106,465 shares of the company’s stock, valued at approximately $4,591,835.45. This represents a 2.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Laurie H. Argo sold 2,300 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total value of $101,775.00. Following the transaction, the director owned 50,039 shares of the company’s stock, valued at approximately $2,214,225.75. The trade was a 4.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 21.20% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new position in shares of Solaris Energy Infrastructure during the fourth quarter worth about $28,000. Signaturefd LLC increased its position in shares of Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Solaris Energy Infrastructure in the third quarter valued at approximately $31,000. Larson Financial Group LLC raised its stake in Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after purchasing an additional 795 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after purchasing an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

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.