Solaris Energy Infrastructure (NYSE:SEI) Downgraded by Wall Street Zen to Strong Sell

Key Points

• Wall Street Zen downgraded Solaris Energy Infrastructure to “Strong Sell” from “Sell,” despite the broader analyst consensus remaining “Moderate Buy” with an average price target of $86.
• SEI recently reported quarterly earnings of $0.39 per share, beating estimates of $0.31, on revenue of $219.4 million. The stock opened at $57.81, well below its 12-month high of $86.19.
• Company insiders sold 42,752 shares worth approximately $3.18 million over the past three months, while institutional investors own a substantial 67.44% stake.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a report issued on Saturday.

SEI has been the topic of several other research reports. Northland Securities set a $104.00 price target on shares of Solaris Energy Infrastructure in a research report on Friday, June 12th. Piper Sandler boosted their price objective on Solaris Energy Infrastructure from $65.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, April 15th. Raymond James Financial restated an "outperform" rating and set a $82.00 price objective on shares of Solaris Energy Infrastructure in a research note on Wednesday, April 29th. Stifel Nicolaus set a $98.00 target price on Solaris Energy Infrastructure in a report on Friday. Finally, Morgan Stanley lifted their target price on Solaris Energy Infrastructure from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.00.

Solaris Energy Infrastructure Trading Up 1.4%

SEI opened at $57.81 on Friday. Solaris Energy Infrastructure has a 12-month low of $24.57 and a 12-month high of $86.19. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.11 and a quick ratio of 1.07. The stock has a market capitalization of $4.25 billion, a PE ratio of 68.01 and a beta of 1.23. The firm's fifty day moving average price is $67.40 and its 200 day moving average price is $63.13.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. The company had revenue of $219.40 million during the quarter. Solaris Energy Infrastructure had a net margin of 7.19% and a return on equity of 14.08%. As a group, research analysts expect that Solaris Energy Infrastructure will post 1.01 EPS for the current fiscal year.

Insider Activity

In other news, insider Christopher M. Powell sold 36,852 shares of Solaris Energy Infrastructure stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $74.63, for a total value of $2,750,264.76. Following the completion of the transaction, the insider directly owned 114,117 shares of the company's stock, valued at approximately $8,516,551.71. The trade was a 24.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Christopher P. Wirtz sold 700 shares of the firm's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $77.22, for a total transaction of $54,054.00. Following the completion of the transaction, the chief accounting officer directly owned 36,085 shares in the company, valued at $2,786,483.70. This represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 42,752 shares of company stock valued at $3,183,295. Company insiders own 20.23% of the company's stock.

Institutional Trading of Solaris Energy Infrastructure

Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in Solaris Energy Infrastructure by 2,120.7% in the fourth quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company's stock valued at $67,408,000 after buying an additional 1,400,311 shares during the last quarter. Value Aligned Research Advisors LLC bought a new position in shares of Solaris Energy Infrastructure during the fourth quarter worth about $44,864,000. Jennison Associates LLC grew its position in shares of Solaris Energy Infrastructure by 215.1% during the first quarter. Jennison Associates LLC now owns 1,179,736 shares of the company's stock worth $66,667,000 after acquiring an additional 805,319 shares during the last quarter. Valiant Capital Management L.P. bought a new position in shares of Solaris Energy Infrastructure during the fourth quarter worth about $33,765,000. Finally, Situational Awareness LP increased its holdings in shares of Solaris Energy Infrastructure by 62.3% in the 4th quarter. Situational Awareness LP now owns 1,866,500 shares of the company's stock worth $85,803,000 after acquiring an additional 716,200 shares during the period. Institutional investors own 67.44% of the company's stock.

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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