Solaris Energy Infrastructure (NYSE:SEI) Coverage Initiated at Needham & Company LLC

Equities research analysts at Needham & Company LLC started coverage on shares of Solaris Energy Infrastructure (NYSE:SEI) in a report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $97.00 price target on the stock. Needham & Company LLC’s target price indicates a potential upside of 26.70% from the stock’s current price.

Several other brokerages also recently commented on SEI. Zacks Research raised shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Citigroup boosted their target price on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Morgan Stanley increased their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 4th. Finally, Barclays boosted their price objective on Solaris Energy Infrastructure from $74.00 to $86.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.18.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $76.56 on Monday. Solaris Energy Infrastructure has a 12-month low of $24.57 and a 12-month high of $86.19. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 1.23. The business’s 50-day moving average price is $73.57 and its two-hundred day moving average price is $60.41. The stock has a market cap of $5.63 billion, a PE ratio of 86.02 and a beta of 1.19.

Solaris Energy Infrastructure (NYSE:SEI) last posted its earnings results 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 net margin of 6.69% and a return on equity of 13.33%. The firm had revenue of $196.24 million during the quarter. As a group, analysts expect that Solaris Energy Infrastructure will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, Director W Howard Keenan, Jr. sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total value of $149,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $70.75, for a total value of $141,500,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,099,593 shares of company stock worth $297,782,099 over the last 90 days. Company insiders own 20.23% of the company’s stock.

Institutional Trading of Solaris Energy Infrastructure

Institutional investors have recently added to or reduced their stakes in the stock. Advent International L.P. bought a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter valued at $40,246,000. Situational Awareness LP raised its stake in Solaris Energy Infrastructure by 62.3% during the fourth quarter. Situational Awareness LP now owns 1,866,500 shares of the company’s stock worth $85,803,000 after buying an additional 716,200 shares during the last quarter. Maxi Investments CY Ltd acquired a new position in Solaris Energy Infrastructure in the fourth quarter valued at $4,765,000. Mercuria Capital Strategies LLC acquired a new position in Solaris Energy Infrastructure in the third quarter valued at $3,398,000. Finally, Hel Ved Capital Management Ltd bought a new stake in Solaris Energy Infrastructure during the third quarter valued at $3,661,000. 67.44% of the stock is currently owned by institutional investors.

About Solaris Energy Infrastructure

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.