45,000 Shares in Solaris Energy Infrastructure, Inc. $SEI Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 45,000 shares of the company’s stock, valued at approximately $2,069,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Solaris Energy Infrastructure by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 2,913,632 shares of the company’s stock worth $133,940,000 after purchasing an additional 248,762 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Solaris Energy Infrastructure by 2,120.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company’s stock worth $67,408,000 after purchasing an additional 1,400,311 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Solaris Energy Infrastructure by 623.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company’s stock worth $51,797,000 after purchasing an additional 1,116,794 shares during the last quarter. GW&K Investment Management LLC grew its position in Solaris Energy Infrastructure by 12.5% in the 3rd quarter. GW&K Investment Management LLC now owns 1,177,830 shares of the company’s stock valued at $47,078,000 after acquiring an additional 130,975 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in Solaris Energy Infrastructure by 88.9% in the 3rd quarter. Two Sigma Investments LP now owns 1,007,320 shares of the company’s stock valued at $40,263,000 after acquiring an additional 474,087 shares in the last quarter. 67.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays lifted their target price on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Raymond James Financial reaffirmed an “outperform” rating and issued a $82.00 target price on shares of Solaris Energy Infrastructure in a research report on Wednesday, April 29th. Glj Research assumed coverage on Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. Stifel Nicolaus lifted their target price on Solaris Energy Infrastructure from $71.00 to $93.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Zacks Research raised Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 12th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $79.10.

Insider Buying and Selling at Solaris Energy Infrastructure

In other news, Director Laurie H. Argo sold 5,200 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $72.88, for a total transaction of $378,976.00. Following the completion of the transaction, the director directly owned 44,839 shares of the company’s stock, valued at approximately $3,267,866.32. The trade was a 10.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of the business’s 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. In the last 90 days, insiders sold 4,099,593 shares of company stock valued at $297,782,099. 20.23% of the stock is currently owned by company insiders.

Solaris Energy Infrastructure Stock Performance

Shares of Solaris Energy Infrastructure stock opened at $77.09 on Thursday. Solaris Energy Infrastructure, Inc. has a one year low of $21.22 and a one year high of $81.24. The company has a market cap of $5.28 billion, a PE ratio of 86.62 and a beta of 1.25. 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 business has a 50-day simple moving average of $62.65 and a 200-day simple moving average of $54.71.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.44 EPS 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 during the quarter. On average, equities research analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current fiscal year.

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.