Retirement Planning Group LLC Sells 15,741 Shares of Solaris Energy Infrastructure, Inc. $SEI

Retirement Planning Group LLC lessened its position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,458 shares of the company’s stock after selling 15,741 shares during the period. Retirement Planning Group LLC’s holdings in Solaris Energy Infrastructure were worth $986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its holdings in Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock worth $28,000 after purchasing an additional 476 shares in the last quarter. Strs Ohio acquired a new position in Solaris Energy Infrastructure in the 1st quarter worth about $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Solaris Energy Infrastructure in the 3rd quarter worth about $31,000. Larson Financial Group LLC increased its holdings in Solaris Energy Infrastructure by 363.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Solaris Energy Infrastructure by 29.1% in the 3rd quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock worth $45,000 after purchasing an additional 255 shares in the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SEI. Wall Street Zen cut Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings raised Solaris Energy Infrastructure from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Wells Fargo & Company upped their target price on Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $81.00 target price on shares of Solaris Energy Infrastructure in a report on Monday, April 27th. Finally, Stifel Nicolaus upped their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.18.

Insider Activity at Solaris Energy Infrastructure

In other news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $70.75, for a total value of $141,500,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total value of $149,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Stock Down 5.8%

Shares of NYSE:SEI opened at $72.96 on Friday. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 81.98 and a beta of 1.25. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 2.87. The business’s 50-day moving average is $60.72 and its 200-day moving average is $53.96. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%.The business had revenue of $196.24 million for the quarter. Equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

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.