Vanguard Group Inc. Purchases 224,021 Shares of Solaris Energy Infrastructure, Inc. $SEI

Key Points

• Vanguard Group increased its stake in Solaris Energy Infrastructure by 9.2%, buying 224,021 shares to own 2,664,870 shares (3.94% of the company) valued at about $106.5 million.
• Solaris beat quarterly EPS expectations ($0.35 vs. $0.24) on $179.7M revenue, and analysts' consensus is a Moderate Buy with an average price target of $56.22.
• Insiders have been selling shares—Cynthia M. Durrett sold 47,011 shares (a 26.39% cut to her stake)—and insiders currently own about 21.20% of the company.

Vanguard Group Inc. increased its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,664,870 shares of the company's stock after purchasing an additional 224,021 shares during the period. Vanguard Group Inc. owned 3.94% of Solaris Energy Infrastructure worth $106,515,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SEI. Assetmark Inc. bought a new stake in Solaris Energy Infrastructure during the second quarter valued at about $25,000. Strs Ohio purchased a new stake in shares of Solaris Energy Infrastructure during the first quarter worth about $28,000. Chung Wu Investment Group LLC bought a new stake in Solaris Energy Infrastructure during the 3rd quarter valued at approximately $52,000. Nisa Investment Advisors LLC lifted its holdings in Solaris Energy Infrastructure by 17.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company's stock worth $62,000 after purchasing an additional 333 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Solaris Energy Infrastructure by 2,227.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,746 shares of the company's stock worth $78,000 after purchasing an additional 2,628 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Solaris Energy Infrastructure in a research report on Tuesday, January 27th. Zacks Research downgraded shares of Solaris Energy Infrastructure from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. Morgan Stanley assumed coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an "overweight" rating and a $68.00 price objective for the company. Northland Securities set a $70.00 target price on Solaris Energy Infrastructure in a report on Monday, January 5th. Finally, Barclays boosted their target price on Solaris Energy Infrastructure from $61.00 to $63.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $56.22.

Insiders Place Their Bets

In other news, insider Cynthia M. Durrett sold 47,011 shares of the company's stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $44.62, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Laurie H. Argo sold 2,300 shares of the firm's stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $44.25, for a total transaction of $101,775.00. Following the completion of the transaction, the director directly owned 50,039 shares in the company, valued at $2,214,225.75. This represents a 4.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 21.20% of the company's stock.

Solaris Energy Infrastructure Trading Up 5.0%

Shares of SEI opened at $49.97 on Thursday. The company's fifty 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 P/E ratio of 70.38 and a beta of 1.13. The company has a current ratio of 2.96, a quick ratio of 2.28 and a debt-to-equity ratio of 1.37. Solaris Energy Infrastructure, Inc. has a twelve month low of $14.27 and a twelve month high of $61.36.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its quarterly 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. The company had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. As a group, analysts expect that Solaris Energy Infrastructure, Inc. will post 0.36 EPS 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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