Key Points
- Director W. Howard Keenan Jr. sold 2,000,000 shares on May 6 at an average price of $74.50, totaling $149,000,000, according to an SEC filing.
- Solaris reported Q1 EPS of $0.44 versus $0.26 expected and $196.2M in revenue, the stock trades near its 52‑week high with a market cap around $5B, and analysts have a consensus "Moderate Buy" price target of $75.18.
- Solaris Energy Infrastructure is a closed‑end fund that invests in energy infrastructure (MLPs and midstream companies) and is roughly 67.44% owned by institutional investors.
Solaris Energy Infrastructure, Inc. (NYSE:SEI - Get Free Report) Director W Howard Keenan, Jr. sold 2,000,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $74.50, for a total transaction of $149,000,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Solaris Energy Infrastructure Stock Performance
Shares of NYSE:SEI opened at $72.96 on Friday. The firm has a market cap of $5.00 billion, a PE ratio of 81.98 and a beta of 1.25. The firm's 50 day simple moving average is $60.72 and its 200-day simple moving average is $53.96. Solaris Energy Infrastructure, Inc. has a one year low of $21.22 and a one year high of $81.24. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.87 and a current ratio of 1.11.
Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last issued its earnings results on Monday, April 27th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.18. The business had revenue of $196.24 million for the quarter. Solaris Energy Infrastructure had a net margin of 6.69% and a return on equity of 13.33%. As a group, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 1.3 EPS for the current year.
Institutional Investors Weigh In On Solaris Energy Infrastructure
Institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Solaris Energy Infrastructure by 344.9% in the fourth quarter. Signaturefd LLC now owns 614 shares of the company's stock valued at $28,000 after acquiring an additional 476 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Solaris Energy Infrastructure in the fourth quarter valued at approximately $28,000. Strs Ohio acquired a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Solaris Energy Infrastructure during the third quarter valued at $31,000. Finally, Larson Financial Group LLC grew its holdings in shares of Solaris Energy Infrastructure by 363.0% during the third quarter. Larson Financial Group LLC now owns 1,014 shares of the company's stock valued at $41,000 after buying an additional 795 shares during the last quarter. 67.44% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the stock. Zacks Research raised shares of Solaris Energy Infrastructure from a "strong sell" rating to a "hold" rating in a report on Thursday, March 12th. Wall Street Zen lowered shares of Solaris Energy Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Barclays lifted their price objective on shares of Solaris Energy Infrastructure from $74.00 to $86.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Wells Fargo & Company lifted their price objective 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. Finally, Citigroup lifted their price objective on shares of Solaris Energy Infrastructure from $61.00 to $84.00 and gave the company a "buy" rating in a report on Tuesday. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Solaris Energy Infrastructure has a consensus rating of "Moderate Buy" and a consensus price target of $75.18.
View Our Latest Stock Report on Solaris Energy Infrastructure
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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