SG Americas Securities LLC Decreases Stake in Solaris Energy Infrastructure, Inc. $SEI

SG Americas Securities LLC reduced its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 72.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,839 shares of the company’s stock after selling 150,291 shares during the quarter. SG Americas Securities LLC’s holdings in Solaris Energy Infrastructure were worth $3,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SEI. Cullen Frost Bankers Inc. bought a new stake in Solaris Energy Infrastructure in the 4th quarter worth about $28,000. Signaturefd LLC lifted its stake in Solaris Energy Infrastructure by 344.9% during the 4th quarter. Signaturefd LLC now owns 614 shares of the company’s stock valued at $28,000 after acquiring an additional 476 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Solaris Energy Infrastructure during the 3rd quarter valued at about $31,000. Larson Financial Group LLC boosted its holdings in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock valued at $41,000 after acquiring an additional 795 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Solaris Energy Infrastructure by 105.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,205 shares of the company’s stock valued at $56,000 after acquiring an additional 619 shares during the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Solaris Energy Infrastructure Stock Performance

SEI opened at $80.18 on Wednesday. The firm has a market cap of $5.90 billion, a P/E ratio of 90.09 and a beta of 1.19. Solaris Energy Infrastructure, Inc. has a 1-year low of $24.57 and a 1-year high of $86.19. The company has a 50 day simple moving average of $74.10 and a two-hundred day simple moving average of $60.77. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. Equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the business’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. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Laurie H. Argo sold 5,200 shares of the company’s stock in a transaction dated 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 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,099,593 shares of company stock worth $297,782,099 in the last three months. Corporate insiders own 20.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SEI. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. Citigroup increased their price objective on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wells Fargo & Company raised their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Piper Sandler raised their target price on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings raised shares of Solaris Energy Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Solaris Energy Infrastructure has an average rating of “Moderate Buy” and an average target price of $83.18.

Solaris Energy Infrastructure 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.