Cbre Investment Management Listed Real Assets LLC Acquires Shares of 794,852 XPLR Infrastructure, LP $XIFR

Cbre Investment Management Listed Real Assets LLC bought a new stake in XPLR Infrastructure, LP (NYSE:XIFR) during the 3rd quarter, HoldingsChannel reports. The fund bought 794,852 shares of the solar energy provider’s stock, valued at approximately $8,084,000.

Other institutional investors have also recently made changes to their positions in the company. Abundance Wealth Counselors purchased a new stake in shares of XPLR Infrastructure in the third quarter worth approximately $1,112,000. GraniteShares Advisors LLC purchased a new position in XPLR Infrastructure during the 3rd quarter valued at $1,763,000. DekaBank Deutsche Girozentrale purchased a new position in XPLR Infrastructure during the 3rd quarter valued at $1,299,000. ING Groep NV bought a new position in XPLR Infrastructure in the 3rd quarter valued at $20,340,000. Finally, Aberdeen Group plc bought a new position in XPLR Infrastructure in the 3rd quarter valued at $7,044,000. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Trading Up 1.7%

Shares of NYSE XIFR opened at $10.61 on Thursday. XPLR Infrastructure, LP has a twelve month low of $7.53 and a twelve month high of $11.43. The firm has a market cap of $997.40 million, a PE ratio of -34.24 and a beta of 1.01. The business has a fifty day simple moving average of $10.29 and a two-hundred day simple moving average of $9.97. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business’s quarterly revenue was down 15.3% compared to the same quarter last year. Analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on XIFR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Mizuho set a $12.00 price target on shares of XPLR Infrastructure in a report on Wednesday, February 11th. Royal Bank Of Canada assumed coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price target on the stock. Morgan Stanley decreased their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Finally, Evercore restated a “hold” rating and issued a $10.80 target price on shares of XPLR Infrastructure in a research note on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPLR Infrastructure presently has an average rating of “Reduce” and an average target price of $12.33.

About XPLR Infrastructure

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.