Solaris Energy Infrastructure (NYSE:SEI) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Solaris Energy Infrastructure (NYSE:SEI) from a hold rating to a sell rating in a research note issued to investors on Saturday.

SEI has been the topic of several other research reports. Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Weiss Ratings downgraded Solaris Energy Infrastructure from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, March 2nd. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a research note on Monday, January 5th. Glj Research began coverage on shares of Solaris Energy Infrastructure in a research report on Thursday. They set a “buy” rating and a $60.00 price target on the stock. Finally, UBS Group set a $65.00 price target on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.60.

Solaris Energy Infrastructure Trading Up 1.3%

SEI stock opened at $49.59 on Friday. The business has a fifty day moving average price of $52.18 and a 200 day moving average price of $46.60. 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 has a fifty-two week low of $14.27 and a fifty-two week high of $61.36. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 69.85 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share for the quarter, topping 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 during the quarter. Analysts expect that Solaris Energy Infrastructure will post 0.36 EPS for the current fiscal year.

Insider Activity at Solaris Energy Infrastructure

In other news, Director Aj Teague acquired 2,310 shares of Solaris Energy Infrastructure stock in a transaction dated Wednesday, December 17th. The stock was bought at an average price of $43.13 per share, for a total transaction of $99,630.30. Following the completion of the acquisition, the director directly owned 106,465 shares in the company, valued at approximately $4,591,835.45. The trade was a 2.22% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cynthia M. Durrett sold 47,011 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total value of $2,097,630.82. Following the transaction, the insider owned 131,152 shares in the company, valued at approximately $5,852,002.24. This trade represents a 26.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 21.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Solaris Energy Infrastructure by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock valued at $133,940,000 after acquiring an additional 248,762 shares during the period. Situational Awareness LP grew its position in shares of Solaris Energy Infrastructure by 62.3% during the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after purchasing an additional 716,200 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Solaris Energy Infrastructure by 11.8% during the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company’s stock worth $42,569,000 after purchasing an additional 158,338 shares during the period. Principal Financial Group Inc. raised its position in shares of Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after buying an additional 1,400,311 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Solaris Energy Infrastructure by 623.5% in the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after buying an additional 1,116,794 shares in the last quarter. Institutional investors own 67.44% of the company’s stock.

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.