Solaris Energy Infrastructure, Inc. $SEI Holdings Raised by Situational Awareness LP

Key Points

• Situational Awareness LP increased its Solaris Energy Infrastructure stake by 2.2% in the second quarter, holding 1.13 million shares worth approximately $90.9 million. Institutional investors collectively own 67.44% of the company.
• Solaris reported quarterly earnings of $0.39 per share, exceeding analysts’ $0.31 estimate, on revenue of $219.4 million. Analysts expect full-year EPS of approximately $0.84.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $87.17, although recent targets and ratings have varied. Shares opened at $53.17, well below their 12-month high of $86.19.

Situational Awareness LP increased its stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,129,621 shares of the company's stock after purchasing an additional 24,070 shares during the quarter. Solaris Energy Infrastructure makes up 0.5% of Situational Awareness LP's investment portfolio, making the stock its 14th largest holding. Situational Awareness LP owned about 1.48% of Solaris Energy Infrastructure worth $90,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its stake in Solaris Energy Infrastructure by 4.4% during the second quarter. Concurrent Investment Advisors LLC now owns 7,114 shares of the company's stock valued at $572,000 after buying an additional 300 shares in the last quarter. Nykredit A S purchased a new position in shares of Solaris Energy Infrastructure in the second quarter worth approximately $164,000. Aubrey Capital Management Ltd acquired a new stake in shares of Solaris Energy Infrastructure during the second quarter valued at approximately $3,982,000. Ranger Investment Management L.P. purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at approximately $46,967,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

Solaris Energy Infrastructure Trading Up 0.8%

Shares of NYSE:SEI opened at $53.17 on Friday. The firm has a fifty day moving average of $60.04 and a two-hundred day moving average of $63.49. The firm has a market capitalization of $4.07 billion, a P/E ratio of 62.55 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a 12-month low of $24.57 and a 12-month high of $86.19. The company has a quick ratio of 4.03, a current ratio of 4.12 and a debt-to-equity ratio of 2.23.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last posted 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. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 13.26%. The business had revenue of $219.40 million for the quarter. On average, equities analysts expect that Solaris Energy Infrastructure, Inc. will post 0.84 EPS for the current fiscal year.

Analysts Set New Price Targets

SEI has been the subject of a number of recent analyst reports. 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. Barclays increased their target price on Solaris Energy Infrastructure from $86.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Zacks Research cut Solaris Energy Infrastructure from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Wells Fargo & Company upgraded Solaris Energy Infrastructure from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $82.00 to $73.00 in a report on Monday, August 3rd. Finally, Morgan Stanley upped their price target on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, June 4th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.17.

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.

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