XPLR Infrastructure, LP (NYSE:XIFR) Stock Has Average Target Price of $12.50

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have received an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.50.

A number of research firms have recently commented on XIFR. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Weiss Ratings downgraded XPLR Infrastructure from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Evercore reiterated a “positive” rating and issued a $12.00 price target on shares of XPLR Infrastructure in a research report on Monday, August 17th. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of XPLR Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Anchorage Capital Advisors L.P. increased its stake in XPLR Infrastructure by 109.8% in the 4th quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock valued at $68,993,000 after purchasing an additional 3,610,961 shares in the last quarter. Endure Capital Management LLC purchased a new stake in shares of XPLR Infrastructure in the 1st quarter worth about $12,054,000. Assenagon Asset Management S.A. grew its stake in XPLR Infrastructure by 372.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock valued at $10,304,000 after acquiring an additional 687,931 shares during the last quarter. Flax Pond Capital LLC purchased a new position in XPLR Infrastructure during the 4th quarter valued at about $5,831,000. Finally, Bank of America Corp DE raised its position in XPLR Infrastructure by 248.8% during the first quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock worth $8,157,000 after acquiring an additional 547,898 shares during the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR opened at $10.37 on Wednesday. The stock’s 50-day simple moving average is $11.40 and its 200-day simple moving average is $11.34. The firm has a market capitalization of $977.11 million, a PE ratio of 15.95 and a beta of 0.95. XPLR Infrastructure has a fifty-two week low of $8.68 and a fifty-two week high of $13.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.14 and a current ratio of 1.27.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The company had revenue of $363.00 million for the quarter. During the same period in the previous year, the business posted $0.84 EPS. As a group, equities research analysts forecast that XPLR Infrastructure will post 0.11 EPS for the current fiscal year.

About XPLR Infrastructure

XPLR Infrastructure (NYSE: XIFR) is an energy infrastructure company that owns and operates a portfolio of contracted renewable energy and infrastructure assets. Its activities include the development, acquisition and management of clean energy projects designed to provide electricity under long-term contractual arrangements.

The company’s portfolio includes wind and solar generation facilities, battery storage projects and natural gas pipeline infrastructure. XPLR Infrastructure primarily serves energy markets in the United States and Canada, working with utilities, commercial customers and other energy market participants.

The company was established in 2014 as NextEra Energy Partners, LP, a vehicle formed by NextEra Energy to own operating clean energy and infrastructure assets.