VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in XPLR Infrastructure, LP $XIFR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in XPLR Infrastructure, LP (NYSE:XIFR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 57,550 shares of the solar energy provider’s stock, valued at approximately $576,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of XPLR Infrastructure at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XIFR. DekaBank Deutsche Girozentrale bought a new stake in XPLR Infrastructure during the third quarter worth $1,299,000. JPMorgan Chase & Co. lifted its holdings in XPLR Infrastructure by 4,489.8% during the third quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock worth $3,133,000 after acquiring an additional 301,310 shares during the period. Anchorage Capital Advisors L.P. bought a new stake in XPLR Infrastructure during the third quarter worth $33,443,000. Aberdeen Group plc bought a new stake in XPLR Infrastructure during the third quarter worth $7,044,000. Finally, ING Groep NV bought a new stake in XPLR Infrastructure during the third quarter worth $20,340,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

Shares of XIFR opened at $11.70 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.94. XPLR Infrastructure, LP has a 1 year low of $7.99 and a 1 year high of $12.61. The firm has a market cap of $1.10 billion, a PE ratio of 10.73 and a beta of 0.89. The stock’s fifty day moving average price is $10.52 and its two-hundred day moving average price is $10.06.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The company had revenue of $275.00 million for the quarter. During the same quarter last year, the firm posted ($1.05) EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that XPLR Infrastructure, LP will post -0.67 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on XIFR. Mizuho set a $12.00 price target on XPLR Infrastructure in a report on Wednesday, February 11th. Evercore set a $11.00 price target on XPLR Infrastructure in a report on Monday, May 11th. Wall Street Zen lowered XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Sunday. Canadian Imperial Bank of Commerce lowered their target price on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.43.

XPLR Infrastructure Company 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.