Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC cut its stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 247,578 shares of the company’s stock after selling 18,505 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Solaris Energy Infrastructure were worth $11,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Stephens Inc. AR boosted its position in shares of Solaris Energy Infrastructure by 12.3% in the 4th quarter. Stephens Inc. AR now owns 8,619 shares of the company’s stock valued at $396,000 after purchasing an additional 944 shares during the period. Bessemer Group Inc. increased its stake in Solaris Energy Infrastructure by 10,548.3% in the 4th quarter. Bessemer Group Inc. now owns 280,582 shares of the company’s stock worth $12,898,000 after purchasing an additional 277,947 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Solaris Energy Infrastructure during the 4th quarter worth about $340,000. Baader Bank Aktiengesellschaft acquired a new stake in Solaris Energy Infrastructure during the 4th quarter worth about $2,069,000. Finally, Simcoe Capital LLC purchased a new stake in Solaris Energy Infrastructure during the fourth quarter valued at about $4,931,000. 67.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Laurie H. Argo sold 5,200 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $72.88, for a total value of $378,976.00. Following the transaction, the director directly owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. This represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Christopher P. Wirtz sold 700 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total value of $54,054.00. Following the sale, the chief accounting officer owned 36,085 shares of the company’s stock, valued at approximately $2,786,483.70. This represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 4,099,593 shares of company stock worth $297,782,099. Insiders own 20.23% of the company’s stock.

Solaris Energy Infrastructure Trading Down 0.1%

NYSE:SEI opened at $78.48 on Monday. The stock has a market cap of $5.37 billion, a PE ratio of 88.18 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $21.22 and a fifty-two week high of $81.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The stock’s 50-day moving average is $63.83 and its two-hundred day moving average is $55.11.

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group set a $65.00 target price on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Barclays upped their price target on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Piper Sandler raised their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Raymond James Financial reiterated an “outperform” rating and set a $82.00 price objective on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Finally, Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.10.

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.