XPLR Infrastructure Sees Unusually High Options Volume (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) saw some unusual options trading on Monday. Investors acquired 17,196 put options on the stock. This represents an increase of 404% compared to the typical volume of 3,409 put options.

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock traded down $0.17 during trading on Monday, hitting $10.38. The stock had a trading volume of 1,252,429 shares, compared to its average volume of 1,074,761. The firm has a market cap of $978.43 million, a price-to-earnings ratio of 15.97 and a beta of 0.93. XPLR Infrastructure has a 12 month low of $8.68 and a 12 month high of $13.25. The business’s 50-day moving average is $11.60 and its 200 day moving average is $11.35. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.56.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.90. The company had revenue of $363.00 million during the quarter. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.During the same period in the prior year, the business posted $0.84 EPS. As a group, sell-side analysts anticipate that XPLR Infrastructure will post 0.11 earnings per share for the current year.

Institutional Trading of XPLR Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its position in shares of XPLR Infrastructure by 65.5% in the second quarter. Tidal Investments LLC now owns 80,620 shares of the solar energy provider’s stock worth $952,000 after purchasing an additional 31,897 shares during the last quarter. Engineers Gate Manager LP grew its stake in XPLR Infrastructure by 2.8% in the 2nd quarter. Engineers Gate Manager LP now owns 108,510 shares of the solar energy provider’s stock worth $1,282,000 after buying an additional 2,971 shares in the last quarter. Corient Private Wealth LP grew its stake in XPLR Infrastructure by 89.7% in the 2nd quarter. Corient Private Wealth LP now owns 19,668 shares of the solar energy provider’s stock worth $232,000 after buying an additional 9,299 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth $1,119,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth $505,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Zacks Research raised XPLR Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Mizuho upped their price target on XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of XPLR Infrastructure from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Finally, Evercore reissued a “positive” rating and issued a $12.00 price target on shares of XPLR Infrastructure in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.50.

XPLR Infrastructure Company Profile

XPLR Infrastructure, formerly known as NextEra Energy Partners, is an energy infrastructure company that owns and operates contracted renewable energy and other infrastructure assets. The company’s portfolio is designed to support the transition to lower-carbon energy while generating long-term revenues through power purchase agreements and other commercial arrangements.

Its principal assets include utility-scale wind and solar generation facilities, battery storage projects, and natural gas pipeline infrastructure.