Readystate Asset Management LP Takes Position in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Readystate Asset Management acquired 38,012 shares of Solaris Energy Infrastructure worth approximately $3.06 million, while institutional investors collectively own 67.44% of the company.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $87.17, despite mixed recent rating changes.
• Solaris reported quarterly earnings of $0.39 per share, beating estimates of $0.31, on revenue of $219.4 million. The stock opened at $55.08, well below its 52-week high of $86.19.

Readystate Asset Management LP acquired a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,012 shares of the company's stock, valued at approximately $3,058,000.

A number of other large investors have also recently bought and sold shares of SEI. Cullen Frost Bankers Inc. bought a new stake in shares of Solaris Energy Infrastructure in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Solaris Energy Infrastructure in the third quarter worth $31,000. Larson Financial Group LLC lifted its stake in Solaris Energy Infrastructure by 363.0% in the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company's stock valued at $41,000 after buying an additional 795 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Solaris Energy Infrastructure in the second quarter valued at $84,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Solaris Energy Infrastructure by 105.6% during the fourth 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 period. Institutional investors own 67.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SEI shares. Northland Securities set a $104.00 price objective on shares of Solaris Energy Infrastructure in a report on Friday, June 12th. Weiss Ratings lowered shares of Solaris Energy Infrastructure from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Wells Fargo & Company upgraded shares of Solaris Energy Infrastructure from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $82.00 to $73.00 in a research report on Monday, August 3rd. Piper Sandler lifted their price target on Solaris Energy Infrastructure from $80.00 to $82.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Finally, Zacks Research downgraded Solaris Energy Infrastructure from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $87.17.

Solaris Energy Infrastructure Stock Up 0.1%

Solaris Energy Infrastructure stock opened at $55.08 on Monday. Solaris Energy Infrastructure, Inc. has a 52 week low of $24.57 and a 52 week high of $86.19. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 64.80 and a beta of 1.25. The company's 50-day moving average price is $59.61 and its two-hundred day moving average price is $63.47. The company has a current ratio of 4.12, a quick ratio of 4.03 and a debt-to-equity ratio of 2.23.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.08. The company had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. On average, analysts expect that Solaris Energy Infrastructure, Inc. will post 0.84 EPS for the current fiscal year.

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.

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