Retirement Planning Group LLC Has $986,000 Position in Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Retirement Planning Group LLC cut its stake in Solaris Energy Infrastructure by 42.3% in the fourth quarter, selling 15,741 shares and finishing with 21,458 shares valued at about $986,000.
• Major insiders executed large sales recently — KTR Management sold 2,000,000 shares at $70.75 (~$141.5M) and Director W. Howard Keenan Jr. sold 2,000,000 shares at $74.50 (~$149M) — yet insiders still own 20.23% of the stock.
• Solaris (NYSE:SEI) trades near $72.96 with a market cap of about $5.0B, reported an earnings beat (Q1 EPS $0.44 vs. $0.26 est.), and holds a consensus "Moderate Buy" with an average price target of $75.18.

Retirement Planning Group LLC lowered its holdings in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,458 shares of the company's stock after selling 15,741 shares during the quarter. Retirement Planning Group LLC's holdings in Solaris Energy Infrastructure were worth $986,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Farmers Trust Co. raised its position in shares of Solaris Energy Infrastructure by 3.2% during the fourth quarter. Farmers Trust Co. now owns 6,450 shares of the company's stock worth $297,000 after purchasing an additional 200 shares during the period. Assetmark Inc. raised its position in shares of Solaris Energy Infrastructure by 29.1% during the third quarter. Assetmark Inc. now owns 1,130 shares of the company's stock worth $45,000 after purchasing an additional 255 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Solaris Energy Infrastructure by 2.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,917 shares of the company's stock worth $436,000 after purchasing an additional 295 shares during the period. Legal & General Group Plc raised its position in shares of Solaris Energy Infrastructure by 1.1% during the third quarter. Legal & General Group Plc now owns 36,698 shares of the company's stock worth $1,467,000 after purchasing an additional 391 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Solaris Energy Infrastructure by 3.3% during the second quarter. Cerity Partners LLC now owns 12,551 shares of the company's stock worth $355,000 after purchasing an additional 397 shares during the period. Institutional investors and hedge funds own 67.44% of the company's stock.

Insider Buying and Selling at Solaris Energy Infrastructure

In other Solaris Energy Infrastructure news, major shareholder Ktr Management Company, Llc sold 2,000,000 shares of Solaris Energy Infrastructure stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director W Howard Keenan, Jr. sold 2,000,000 shares of Solaris Energy Infrastructure stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $74.50, for a total value of $149,000,000.00. Additional details regarding this sale are available in the official SEC disclosure. 20.23% of the stock is owned by insiders.

Solaris Energy Infrastructure Stock Performance

NYSE:SEI opened at $72.96 on Friday. The stock has a market cap of $5.00 billion, a P/E ratio of 81.98 and a beta of 1.25. The stock has a 50 day simple moving average of $60.72 and a 200 day simple moving average of $53.96. The company has a current ratio of 1.11, a quick ratio of 2.87 and a debt-to-equity ratio of 1.23. Solaris Energy Infrastructure, Inc. has a 1-year low of $21.22 and a 1-year high of $81.24.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.18. The firm had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 13.33% and a net margin of 6.69%. Research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SEI. Wall Street Zen downgraded Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Citigroup raised their price target 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. Northland Securities set a $86.00 price target on shares of Solaris Energy Infrastructure in a research note on Thursday, April 30th. Weiss Ratings upgraded Solaris Energy Infrastructure from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Finally, Raymond James Financial restated an "outperform" rating and issued a $82.00 price target on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $75.18.

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.

Want to see what other hedge funds are holding SEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.