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

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $59.3636.

A number of equities research analysts have recently commented on SEI shares. Citigroup cut their price target on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Morgan Stanley began coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $68.00 price objective for the company. Wells Fargo & Company began coverage on Solaris Energy Infrastructure in a research report on Friday, March 20th. They issued an “equal weight” rating and a $71.00 price objective on the stock. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a research note on Monday, January 5th. Finally, UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a report on Tuesday, January 27th.

Solaris Energy Infrastructure Price Performance

SEI opened at $56.39 on Wednesday. The firm has a market cap of $3.86 billion, a PE ratio of 79.42 and a beta of 1.13. The stock has a 50-day moving average price of $54.43 and a 200-day moving average price of $49.97. Solaris Energy Infrastructure has a 1 year low of $14.27 and a 1 year high of $70.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87.

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

Institutional Investors Weigh In On Solaris Energy Infrastructure

Several large investors have recently bought and sold shares of SEI. Cullen Frost Bankers Inc. purchased a new position in Solaris Energy Infrastructure in the 4th quarter worth about $28,000. Signaturefd LLC boosted its holdings in shares of Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Solaris Energy Infrastructure in the third quarter worth approximately $31,000. Larson Financial Group LLC grew its stake in shares of Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after acquiring an additional 795 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of 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. 67.44% of the stock is currently 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.