Mercuria Capital Strategies LLC Makes New Investment in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Mercuria Capital Strategies LLC opened a new position of 85,006 shares (~$3.4M) in Solaris Energy Infrastructure (NYSE:SEI) in Q3, making SEI about 4.5% of its portfolio and its eighth-largest holding (Mercuria owned ~0.13% of SEI after the filing).
• Other institutional investors boosted exposure (e.g., Swiss National Bank +17.6%, Russell Investments +92.9%), leaving roughly 67.4% institutional ownership, while insiders showed mixed activity—Cynthia Durrett sold 47,011 shares and CEO Amanda Brock purchased 3,669 shares.
• SEI has a $3.39B market cap and a high valuation (P/E ~69.9); it reported an EPS beat of $0.35 vs. $0.24 consensus, and analysts hold a "Moderate Buy" consensus with an average target of $56.60.

Mercuria Capital Strategies LLC acquired a new position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 85,006 shares of the company's stock, valued at approximately $3,398,000. Solaris Energy Infrastructure comprises approximately 4.5% of Mercuria Capital Strategies LLC's portfolio, making the stock its 8th largest holding. Mercuria Capital Strategies LLC owned about 0.13% of Solaris Energy Infrastructure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SEI. Legal & General Group Plc grew its holdings in Solaris Energy Infrastructure by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 36,698 shares of the company's stock worth $1,467,000 after acquiring an additional 391 shares during the last quarter. Vestcor Inc bought a new position in shares of Solaris Energy Infrastructure during the third quarter valued at $1,307,000. Swiss National Bank lifted its holdings in shares of Solaris Energy Infrastructure by 17.6% during the third quarter. Swiss National Bank now owns 73,400 shares of the company's stock worth $2,934,000 after purchasing an additional 11,000 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Solaris Energy Infrastructure during the third quarter worth $180,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Solaris Energy Infrastructure by 92.9% in the third quarter. Russell Investments Group Ltd. now owns 236,408 shares of the company's stock worth $9,449,000 after purchasing an additional 113,848 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors.

Solaris Energy Infrastructure Stock Performance

Shares of Solaris Energy Infrastructure stock opened at $49.59 on Tuesday. The company has a market cap of $3.39 billion, a P/E ratio of 69.85 and a beta of 1.13. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $52.18 and a two-hundred day moving average price of $46.60. Solaris Energy Infrastructure, Inc. has a 1-year low of $14.27 and a 1-year high of $61.36.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The company had revenue of $179.70 million for the quarter. As a group, analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SEI shares. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a research report on Monday, January 5th. Weiss Ratings downgraded Solaris Energy Infrastructure from a "buy (b-)" rating to a "hold (c)" rating in a research report on Monday, March 2nd. Raymond James Financial reiterated an "outperform" rating on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. UBS Group set a $65.00 target price on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Finally, Zacks Research lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Solaris Energy Infrastructure presently has a consensus rating of "Moderate Buy" and an average target price of $56.60.

Insiders Place Their Bets

In other Solaris Energy Infrastructure news, insider Cynthia M. Durrett sold 47,011 shares of the stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $44.62, for a total transaction of $2,097,630.82. Following the transaction, the insider directly owned 131,152 shares in the company, valued at approximately $5,852,002.24. This represents a 26.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda M. Brock purchased 3,669 shares of the business's stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $40.89 per share, for a total transaction of $150,025.41. Following the completion of the acquisition, the chief executive officer directly owned 141,080 shares in the company, valued at approximately $5,768,761.20. This represents a 2.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 21.20% of the stock is currently owned by company insiders.

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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