Aventail Capital Group LP Purchases 453,144 Shares of XPLR Infrastructure, LP $XIFR

Aventail Capital Group LP raised its position in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 39.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,608,601 shares of the solar energy provider’s stock after purchasing an additional 453,144 shares during the period. XPLR Infrastructure comprises 0.9% of Aventail Capital Group LP’s portfolio, making the stock its 27th biggest position. Aventail Capital Group LP owned 1.71% of XPLR Infrastructure worth $16,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XIFR. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure during the 2nd quarter valued at $55,000. Legal & General Group Plc bought a new stake in XPLR Infrastructure during the 2nd quarter valued at $830,000. Prudential Financial Inc. bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth $119,000. Arrowstreet Capital Limited Partnership bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth $2,869,000. Finally, Invesco Ltd. bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth $244,000. 66.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on XIFR. Canadian Imperial Bank of Commerce reduced their price target on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Evercore set a $11.00 price target on XPLR Infrastructure in a research report on Monday, May 11th. Weiss Ratings raised XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Morgan Stanley boosted their price target on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.57.

XPLR Infrastructure Trading Down 0.5%

Shares of NYSE:XIFR opened at $11.64 on Thursday. The business’s 50-day moving average is $11.16 and its 200 day moving average is $10.43. XPLR Infrastructure, LP has a 1 year low of $7.99 and a 1 year high of $13.25. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.68 and a beta of 0.95. 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 (NYSE:XIFR) last announced its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The business had revenue of $275.00 million for the quarter. During the same quarter in the prior year, the company earned ($1.05) earnings per share. XPLR Infrastructure’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts predict that XPLR Infrastructure, LP will post -1.34 earnings per share for the current fiscal year.

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.