Situational Awareness LP Acquires 716,200 Shares of Solaris Energy Infrastructure, Inc. $SEI

Situational Awareness LP grew its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 62.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,866,500 shares of the company’s stock after acquiring an additional 716,200 shares during the period. Solaris Energy Infrastructure comprises 1.6% of Situational Awareness LP’s holdings, making the stock its 12th largest holding. Situational Awareness LP’s holdings in Solaris Energy Infrastructure were worth $85,803,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SEI. Principal Financial Group Inc. raised its stake in shares of Solaris Energy Infrastructure by 2,120.7% during the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock valued at $67,408,000 after acquiring an additional 1,400,311 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Solaris Energy Infrastructure by 623.5% during the third quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock valued at $51,797,000 after acquiring an additional 1,116,794 shares during the last quarter. Advent International L.P. bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at $40,246,000. Ceredex Value Advisors LLC bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at $35,050,000. Finally, Goodlander Investment Management LLC bought a new position in shares of Solaris Energy Infrastructure during the second quarter valued at $19,803,000. Institutional investors own 67.44% of the company’s stock.

Insider Transactions at Solaris Energy Infrastructure

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

Solaris Energy Infrastructure Price Performance

SEI stock opened at $69.43 on Friday. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 78.01 and a beta of 1.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. Solaris Energy Infrastructure, Inc. has a 12-month low of $24.57 and a 12-month high of $81.24. The company’s fifty day simple moving average is $68.17 and its 200 day simple moving average is $57.31.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.18. The business had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. On average, analysts expect that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SEI. Northland Securities set a $86.00 price target on shares of Solaris Energy Infrastructure in a research note on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. 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 report on Tuesday, May 5th. Wells Fargo & Company boosted their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an “equal weight” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley boosted their target price on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average price target of $80.00.

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.