13,995 Shares in Solaris Energy Infrastructure, Inc. $SEI Purchased by M&T Bank Corp

Key Points

• M&T Bank Corp acquired a new Q4 stake of 13,995 shares in Solaris Energy Infrastructure (NYSE:SEI), valued at roughly $643,000 per the latest 13F filing.
• Large institutional moves — led by VanEck (up 623.5% to ~1.296M shares) and new stakes from Advent and Ceredex — have driven institutional ownership to about 67.44% of the company.
• Analysts hold a consensus rating of Moderate Buy with a $73.09 average price target; SEI recently beat EPS estimates ($0.44 vs. $0.26) and was trading near $72.43 (market cap ~$4.96B) at the time of the report.

M&T Bank Corp acquired a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,995 shares of the company's stock, valued at approximately $643,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEI. Van ECK Associates Corp increased its position in Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company's stock valued at $51,797,000 after acquiring an additional 1,116,794 shares in the last quarter. Advent International L.P. acquired a new stake in Solaris Energy Infrastructure in the 3rd quarter valued at about $40,246,000. Ceredex Value Advisors LLC acquired a new stake in Solaris Energy Infrastructure in the 3rd quarter valued at about $35,050,000. Goodlander Investment Management LLC acquired a new stake in Solaris Energy Infrastructure in the 2nd quarter valued at about $19,803,000. Finally, Honeycomb Asset Management LP acquired a new stake in Solaris Energy Infrastructure in the 2nd quarter valued at about $19,011,000. Institutional investors and hedge funds own 67.44% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SEI. Citigroup lowered their price objective on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, March 10th. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Piper Sandler raised their price objective on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th. Morgan Stanley restated an "overweight" rating and issued a $81.00 price objective on shares of Solaris Energy Infrastructure in a research report on Monday. Finally, Glj Research began coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a "buy" rating and a $60.00 price objective for the company. Eight research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.09.

Solaris Energy Infrastructure Stock Down 1.9%

Shares of NYSE SEI opened at $72.43 on Friday. The firm has a market capitalization of $4.96 billion, a PE ratio of 81.38 and a beta of 1.25. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37. Solaris Energy Infrastructure, Inc. has a 1 year low of $21.22 and a 1 year high of $81.24. The firm's 50-day moving average is $59.26 and its 200-day moving average is $53.47.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its earnings results on Monday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.18. The company had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 14.48%. Equities analysts expect that Solaris Energy Infrastructure, Inc. will post 1.33 EPS for the current 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.

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