Solaris Energy Infrastructure (NYSE:SEI) Price Target Raised to $93.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target on Solaris Energy Infrastructure from $71 to $93 and maintained a "buy" rating, implying about an 18.5% upside from the prior close.
• The stock jumped about 5.4% to $78.47 after the company reported quarterly EPS of $0.44 versus a $0.26 consensus and revenue of $196.24 million.
• There has been notable institutional buying—Principal Financial and VanEck significantly increased positions—and institutional investors now own 67.44% of the shares.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) had its price objective upped by investment analysts at Stifel Nicolaus from $71.00 to $93.00 in a report released on Wednesday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 18.52% from the stock's previous close.

Several other research analysts also recently weighed in on the stock. Citigroup decreased their target price on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, March 10th. Northland Securities set a $70.00 price objective on shares of Solaris Energy Infrastructure in a report on Monday, January 5th. Morgan Stanley reissued an "overweight" rating and issued a $81.00 price objective on shares of Solaris Energy Infrastructure in a research report on Monday. Wells Fargo & Company started coverage on Solaris Energy Infrastructure in a research note on Friday, March 20th. They set an "equal weight" rating and a $71.00 target price for the company. Finally, Wall Street Zen lowered Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research report on Saturday, March 7th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.64.

Solaris Energy Infrastructure Stock Up 5.4%

NYSE SEI traded up $4.03 during trading hours on Wednesday, hitting $78.47. The company had a trading volume of 442,544 shares, compared to its average volume of 2,713,866. The firm's 50 day moving average is $58.36 and its 200 day moving average is $53.20. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 88.17 and a beta of 1.05. Solaris Energy Infrastructure has a fifty-two week low of $19.77 and a fifty-two week high of $81.24. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last announced its earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.26 by $0.18. The business had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a return on equity of 14.48% and a net margin of 6.69%. Sell-side analysts anticipate that Solaris Energy Infrastructure will post 1.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Solaris Energy Infrastructure by 2,120.7% during the 4th quarter. Principal Financial Group Inc. now owns 1,466,343 shares of the company's stock valued at $67,408,000 after acquiring an additional 1,400,311 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Solaris Energy Infrastructure by 623.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,295,898 shares of the company's stock worth $51,797,000 after buying an additional 1,116,794 shares during the last quarter. Advent International L.P. acquired a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at about $40,246,000. Value Aligned Research Advisors LLC acquired a new stake in Solaris Energy Infrastructure during the fourth quarter worth about $44,864,000. Finally, Ceredex Value Advisors LLC bought a new position in Solaris Energy Infrastructure in the third quarter worth about $35,050,000. Institutional investors and hedge funds 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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