Solaris Energy Infrastructure, Inc. $SEI Shares Bought by GW&K Investment Management LLC

Key Points

• GW&K Investment Management increased its stake in Solaris Energy Infrastructure by 12.5% (bought 130,975 shares) to 1,177,830 shares — about 1.74% of the company valued at $47.08 million — while overall institutional ownership stands at 67.44% with other large managers (Vanguard, Westwood, Geode) also adding shares.
• Research firms are broadly upbeat: Piper Sandler and Barclays raised price targets to $65 and $63 with overweight ratings, and the stock’s consensus is a Moderate Buy with an average target of $56.22.
• Insider activity was mixed—Cynthia M. Durrett sold 47,011 shares while CEO Amanda M. Brock purchased 3,669 shares—and the company recently beat quarterly EPS estimates ($0.35 vs. $0.24), with the stock trading near $49.97 and a 52-week range of $14.27–$61.36.

GW&K Investment Management LLC lifted its stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,177,830 shares of the company's stock after buying an additional 130,975 shares during the quarter. GW&K Investment Management LLC owned about 1.74% of Solaris Energy Infrastructure worth $47,078,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Solaris Energy Infrastructure by 9.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,664,870 shares of the company's stock worth $106,515,000 after acquiring an additional 224,021 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Solaris Energy Infrastructure by 11.8% during the second quarter. Westwood Holdings Group Inc. now owns 1,504,738 shares of the company's stock worth $42,569,000 after purchasing an additional 158,338 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Solaris Energy Infrastructure by 10.8% during the second quarter. Geode Capital Management LLC now owns 863,553 shares of the company's stock worth $24,433,000 after purchasing an additional 83,914 shares in the last quarter. Goodlander Investment Management LLC purchased a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at about $19,803,000. Finally, Honeycomb Asset Management LP acquired a new stake in shares of Solaris Energy Infrastructure in the 2nd quarter valued at about $19,011,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SEI has been the topic of several research analyst reports. Piper Sandler lifted their price target on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, November 17th. Zacks Research cut shares of Solaris Energy Infrastructure from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. Raymond James Financial reiterated an "outperform" rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Weiss Ratings downgraded shares of Solaris Energy Infrastructure from a "buy (b-)" rating to a "hold (c)" rating in a research report on Monday. Finally, Barclays upped their target price on shares of Solaris Energy Infrastructure from $61.00 to $63.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.22.

Insiders Place Their Bets

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

Solaris Energy Infrastructure Stock Up 5.0%

Shares of NYSE:SEI opened at $49.97 on Thursday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $61.36. The company has a quick ratio of 2.28, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. The firm's 50-day simple moving average is $51.89 and its 200-day simple moving average is $46.00. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 70.38 and a beta of 1.13.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. The firm had revenue of $179.70 million during the quarter. As a group, equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share 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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