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

Solaris Energy Infrastructure, Inc. (NYSE:SEI) has received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $87.1667.

Several equities analysts have recently issued reports on SEI shares. Morgan Stanley boosted their price target on shares of Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Wells Fargo & Company raised shares of Solaris Energy Infrastructure from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $82.00 to $73.00 in a research note on Monday, August 3rd. Stifel Nicolaus set a $98.00 target price on shares of Solaris Energy Infrastructure in a research report on Friday, August 7th. Weiss Ratings lowered shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research cut Solaris Energy Infrastructure from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th.

Solaris Energy Infrastructure Trading Up 3.6%

Shares of NYSE SEI opened at $55.08 on Friday. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 64.80 and a beta of 1.25. Solaris Energy Infrastructure has a 12-month low of $24.57 and a 12-month high of $86.19. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23. The stock’s 50 day simple moving average is $59.61 and its 200 day simple moving average is $63.43.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. Solaris Energy Infrastructure had a return on equity of 13.26% and a net margin of 7.19%.The firm had revenue of $219.40 million during the quarter. Equities research analysts expect that Solaris Energy Infrastructure will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its holdings in Solaris Energy Infrastructure by 7,779.5% in the second quarter. California State Teachers Retirement System now owns 4,080,851 shares of the company’s stock worth $328,345,000 after purchasing an additional 4,029,060 shares during the period. Principal Financial Group Inc. grew its position in Solaris Energy Infrastructure by 2,120.7% in the 4th 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. Value Aligned Research Advisors LLC acquired a new position in Solaris Energy Infrastructure during the 4th quarter valued at about $44,864,000. Jennison Associates LLC increased its stake in Solaris Energy Infrastructure by 215.1% during the 1st quarter. Jennison Associates LLC now owns 1,179,736 shares of the company’s stock valued at $66,667,000 after buying an additional 805,319 shares during the period. Finally, Valiant Capital Management L.P. bought a new stake in shares of Solaris Energy Infrastructure during the 4th quarter worth about $33,765,000. Institutional investors and hedge funds 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.