Rockefeller Capital Management L.P. Sells 113,324 Shares of XPLR Infrastructure, LP $XIFR

Rockefeller Capital Management L.P. lowered its position in XPLR Infrastructure, LP (NYSE:XIFR) by 36.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 199,825 shares of the solar energy provider’s stock after selling 113,324 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in XPLR Infrastructure were worth $1,998,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of XIFR. Adage Capital Partners GP L.L.C. increased its holdings in XPLR Infrastructure by 557.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after purchasing an additional 3,900,000 shares in the last quarter. Anchorage Capital Advisors L.P. boosted its stake in XPLR Infrastructure by 109.8% in the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after purchasing an additional 3,610,961 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of XPLR Infrastructure during the second quarter worth $16,400,000. Aventail Capital Group LP bought a new stake in XPLR Infrastructure during the 3rd quarter worth about $11,751,000. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of XPLR Infrastructure during the third quarter valued at approximately $8,084,000. 66.01% of the stock is currently owned by institutional investors.

XPLR Infrastructure Price Performance

Shares of XIFR opened at $11.88 on Tuesday. The stock has a market cap of $1.12 billion, a P/E ratio of 10.89 and a beta of 0.95. XPLR Infrastructure, LP has a 1 year low of $8.03 and a 1 year high of $13.25. The stock’s 50-day moving average price is $11.40 and its two-hundred day moving average price is $10.58. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The company had revenue of $275.00 million during the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. XPLR Infrastructure’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.05) earnings per share. On average, equities analysts predict that XPLR Infrastructure, LP will post -1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce lowered their price target on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Weiss Ratings upgraded shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Morgan Stanley raised their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.57.

XPLR Infrastructure Profile

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.