XPLR Infrastructure, LP (NYSE:XIFR) Receives Consensus Rating of “Hold” from Brokerages

XPLR Infrastructure, LP (NYSE:XIFR) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.50.

Several brokerages have commented on XIFR. Evercore reiterated a “positive” rating and set a $12.00 target price on shares of XPLR Infrastructure in a research report on Monday, August 17th. Mizuho raised their price target on XPLR Infrastructure from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Zacks Research upgraded XPLR Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday.

Institutional Trading of XPLR Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of XIFR. Bank of America Corp DE grew its holdings in XPLR Infrastructure by 248.8% during the first quarter. Bank of America Corp DE now owns 768,078 shares of the solar energy provider’s stock valued at $8,157,000 after purchasing an additional 547,898 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in XPLR Infrastructure in the second quarter worth $1,119,000. Endure Capital Management LLC acquired a new stake in XPLR Infrastructure in the first quarter worth $12,054,000. Assenagon Asset Management S.A. boosted its position in shares of XPLR Infrastructure by 372.8% during the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock worth $10,304,000 after purchasing an additional 687,931 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of XPLR Infrastructure by 63.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,093,633 shares of the solar energy provider’s stock worth $11,614,000 after purchasing an additional 425,174 shares in the last quarter. 66.01% of the stock is owned by institutional investors.

XPLR Infrastructure Stock Down 0.2%

Shares of NYSE:XIFR opened at $10.37 on Wednesday. XPLR Infrastructure has a one year low of $8.68 and a one year high of $13.25. The company has a 50 day moving average of $11.40 and a 200-day moving average of $11.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 1.14. The stock has a market cap of $977.11 million, a price-to-earnings ratio of 15.95 and a beta of 0.95.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The business had revenue of $363.00 million during the quarter. During the same period last year, the firm earned $0.84 earnings per share. On average, sell-side analysts forecast that XPLR Infrastructure will post 0.11 earnings per share for the current year.

XPLR Infrastructure Company Profile

XPLR Infrastructure (NYSE: XIFR) is an energy infrastructure company that owns and operates a portfolio of contracted renewable energy and infrastructure assets. Its activities include the development, acquisition and management of clean energy projects designed to provide electricity under long-term contractual arrangements.

The company’s portfolio includes wind and solar generation facilities, battery storage projects and natural gas pipeline infrastructure. XPLR Infrastructure primarily serves energy markets in the United States and Canada, working with utilities, commercial customers and other energy market participants.

The company was established in 2014 as NextEra Energy Partners, LP, a vehicle formed by NextEra Energy to own operating clean energy and infrastructure assets.