Key Points
- Ktr Management Company, LLC sold 2,000,000 shares of Solaris Energy Infrastructure on April 30 at an average price of $70.75, a transaction worth roughly $141.5 million disclosed in an SEC filing.
- Solaris reported a quarterly EPS of $0.44, beating the $0.26 consensus on $196.24 million in revenue, and analysts expect about $1.30 in EPS for the current fiscal year.
- SEI has a market cap of $5.10 billion and a P/E of 83.7, trades between a 12‑month low/high of $21.22/$81.24, and carries a consensus analyst rating of "Moderate Buy" with a $73.09 target while institutional investors own about 67.4% of the stock.
Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) major shareholder Ktr Management Company, Llc sold 2,000,000 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $70.75, for a total value of $141,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Solaris Energy Infrastructure Stock Performance
Shares of SEI opened at $74.49 on Tuesday. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 83.70 and a beta of 1.25. The business's fifty day simple moving average is $59.26 and its two-hundred day simple moving average is $53.49. Solaris Energy Infrastructure, Inc. has a 12 month low of $21.22 and a 12 month high of $81.24. 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 posted its quarterly earnings results 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. The firm had revenue of $196.24 million during the quarter. Solaris Energy Infrastructure had a return on equity of 14.48% and a net margin of 6.69%. Research analysts anticipate that Solaris Energy Infrastructure, Inc. will post 1.3 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
SEI has been the topic of several research analyst reports. Wall Street Zen cut shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Zacks Research upgraded shares of Solaris Energy Infrastructure from a "strong sell" rating to a "hold" rating in a research note on Thursday, March 12th. Piper Sandler boosted their price objective 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. Citigroup lowered their price objective on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, March 10th. Finally, Glj Research assumed coverage on shares of Solaris Energy Infrastructure in a research report on Thursday, March 5th. They issued a "buy" rating and a $60.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $73.09.
Check Out Our Latest Stock Report on SEI
Hedge Funds Weigh In On Solaris Energy Infrastructure
Several institutional investors have recently made changes to their positions in SEI. CenterBook Partners LP increased its holdings in Solaris Energy Infrastructure by 513.1% during the third quarter. CenterBook Partners LP now owns 415,453 shares of the company's stock valued at $16,606,000 after buying an additional 347,693 shares during the last quarter. Advent International L.P. purchased a new position in shares of Solaris Energy Infrastructure during the 3rd quarter worth $40,246,000. Hiddenite Capital Partners LP bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $13,990,000. AGF Management Ltd. bought a new stake in shares of Solaris Energy Infrastructure during the 3rd quarter valued at $6,613,000. Finally, Ranger Investment Management L.P. purchased a new stake in shares of Solaris Energy Infrastructure in the 3rd quarter worth $17,033,000. Institutional investors own 67.44% of the company's stock.
Solaris Energy Infrastructure Company Profile
(
Get Free Report)
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.
Further Reading
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