SG Americas Securities LLC Buys 192,761 Shares of Solaris Energy Infrastructure, Inc. $SEI

SG Americas Securities LLC raised its stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 1,441.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,130 shares of the company’s stock after purchasing an additional 192,761 shares during the quarter. SG Americas Securities LLC owned 0.30% of Solaris Energy Infrastructure worth $9,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada bought a new position in shares of Solaris Energy Infrastructure in the 1st quarter worth $477,000. AQR Capital Management LLC bought a new stake in shares of Solaris Energy Infrastructure during the 1st quarter worth $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Solaris Energy Infrastructure in the first quarter worth $396,000. Goldman Sachs Group Inc. bought a new position in Solaris Energy Infrastructure in the first quarter valued at $13,714,000. Finally, Strs Ohio bought a new position in Solaris Energy Infrastructure in the first quarter valued at $28,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Performance

NYSE SEI opened at $57.98 on Monday. The company has a 50-day simple moving average of $54.49 and a two-hundred day simple moving average of $49.63. 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, Inc. has a 12-month low of $14.27 and a 12-month high of $70.17. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 81.66 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The firm had revenue of $179.70 million for the quarter. On average, equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

SEI has been the subject of several research analyst reports. UBS Group set a $65.00 price target on Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a report on Thursday, March 12th. Barclays boosted their target price on Solaris Energy Infrastructure from $63.00 to $74.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 17th. Wells Fargo & Company started coverage on Solaris Energy Infrastructure in a research note on Friday, March 20th. They issued an “equal weight” rating and a $71.00 target price 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 research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and an average price target of $59.36.

Solaris Energy Infrastructure 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.