Ktr Management Company, Llc Sells 2,000,000 Shares of Solaris Energy Infrastructure (NYSE:SEI) Stock

Key Points

• Major shareholder Ktr Management Company, LLC sold 2,000,000 shares of Solaris Energy Infrastructure at an average price of $70.75, totaling $141.5 million, with the transaction disclosed in an SEC filing.
• Shares traded up 3.0% to $74.49 on Monday; the company has a market cap of $5.10 billion, a PE of 83.7, and a 12‑month trading range of $21.22–$81.24.
• Solaris beat quarterly expectations with EPS of $0.44 (vs. $0.26 est.) on $196.24 million revenue, and analysts hold a consensus "Moderate Buy" rating with an average price target of $73.09.

Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $70.75, for a total transaction of $141,500,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Solaris Energy Infrastructure Stock Up 3.0%

NYSE SEI traded up $2.16 on Monday, hitting $74.49. 2,162,267 shares of the company were exchanged, compared to its average volume of 2,747,681. The company has a market cap of $5.10 billion, a PE ratio of 83.70 and a beta of 1.25. Solaris Energy Infrastructure, Inc. has a 12 month low of $21.22 and a 12 month high of $81.24. The stock has a fifty day moving average of $59.26 and a 200-day moving average of $53.49. The company has a current ratio of 2.96, a quick ratio of 2.87 and a debt-to-equity ratio of 1.37.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.18. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 14.48%. The firm had revenue of $196.24 million for the quarter. As a group, analysts forecast that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current year.

Institutional Trading of Solaris Energy Infrastructure

Large investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new stake in Solaris Energy Infrastructure during the fourth quarter worth about $28,000. Signaturefd LLC increased its holdings in Solaris Energy Infrastructure by 344.9% during the fourth quarter. Signaturefd LLC now owns 614 shares of the company's stock worth $28,000 after buying an additional 476 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Solaris Energy Infrastructure during the third quarter worth about $31,000. Larson Financial Group LLC increased its holdings in Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company's stock worth $41,000 after buying an additional 795 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in 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 buying an additional 255 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research upgraded shares of Solaris Energy Infrastructure from a "strong sell" rating to a "hold" rating in a report on Thursday, March 12th. UBS Group set a $65.00 target price on shares of Solaris Energy Infrastructure in a report on Tuesday, January 27th. Wells Fargo & Company increased their target price on shares of Solaris Energy Infrastructure from $71.00 to $82.00 and gave the company an "equal weight" rating in a report on Wednesday, April 29th. Piper Sandler increased their target price on shares of Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. Finally, Glj Research assumed coverage on shares of Solaris Energy Infrastructure in a report on Thursday, March 5th. They issued a "buy" rating and a $60.00 target price for the company. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure presently has an average rating of "Moderate Buy" and an average price target of $73.09.

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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