Assenagon Asset Management S.A. Acquires New Shares in XPLR Infrastructure, LP $XIFR

Assenagon Asset Management S.A. acquired a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 184,508 shares of the solar energy provider’s stock, valued at approximately $1,959,000.

Several other large investors have also added to or reduced their stakes in the stock. US Bancorp DE purchased a new position in XPLR Infrastructure during the 3rd quarter valued at about $28,000. Huntington National Bank increased its position in shares of XPLR Infrastructure by 715.6% during the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after buying an additional 2,698 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of XPLR Infrastructure in the second quarter worth about $55,000. CANADA LIFE ASSURANCE Co purchased a new stake in shares of XPLR Infrastructure in the second quarter worth about $77,000. Finally, SG Americas Securities LLC bought a new position in shares of XPLR Infrastructure in the fourth quarter valued at approximately $106,000. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Up 2.3%

Shares of NYSE XIFR opened at $12.09 on Thursday. XPLR Infrastructure, LP has a 12 month low of $8.36 and a 12 month high of $13.25. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 11.09 and a beta of 0.94. The business has a 50-day moving average of $11.47 and a 200-day moving average of $10.63.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share 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 quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.05) earnings per share. Sell-side analysts expect that XPLR Infrastructure, LP will post -1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Morgan Stanley raised their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a report on Wednesday, May 20th. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.57.

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.