Laurie Argo Sells 5,200 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) Director Laurie Argo sold 5,200 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total value of $378,976.00. Following the completion of the transaction, the director owned 44,839 shares of the company’s stock, valued at $3,267,866.32. This represents a 10.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Solaris Energy Infrastructure Stock Up 1.1%

Shares of SEI stock traded up $0.86 during mid-day trading on Wednesday, hitting $77.09. The company’s stock had a trading volume of 2,506,050 shares, compared to its average volume of 2,308,071. Solaris Energy Infrastructure, Inc. has a 52-week low of $21.22 and a 52-week high of $81.24. The business has a 50-day moving average price of $62.65 and a 200 day moving average price of $54.71. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.07 and a current ratio of 1.11. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 86.62 and a beta of 1.25.

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 the consensus estimate 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 firm had revenue of $196.24 million during the quarter. Research analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current fiscal year.

Institutional Trading of Solaris Energy Infrastructure

Several hedge funds have recently bought and sold shares of SEI. Signaturefd LLC grew its holdings in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after purchasing an additional 476 shares during the period. Cullen Frost Bankers Inc. bought a new stake in Solaris Energy Infrastructure during the fourth quarter valued at about $28,000. Strs Ohio bought a new stake in Solaris Energy Infrastructure during the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd bought a new stake in Solaris Energy Infrastructure during the third quarter valued at about $31,000. Finally, Larson Financial Group LLC grew its holdings in Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after purchasing an additional 795 shares during the period. Institutional investors own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

SEI has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a report on Tuesday, January 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Solaris Energy Infrastructure in a report on Wednesday, April 29th. Piper Sandler lifted their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen lowered Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $75.18.

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.