DekaBank Deutsche Girozentrale Invests $1.30 Million in XPLR Infrastructure, LP $XIFR

DekaBank Deutsche Girozentrale acquired a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 127,971 shares of the solar energy provider’s stock, valued at approximately $1,299,000.

A number of other large investors have also bought and sold shares of the business. Abundance Wealth Counselors bought a new position in XPLR Infrastructure in the third quarter valued at approximately $1,112,000. GraniteShares Advisors LLC acquired a new stake in shares of XPLR Infrastructure during the third quarter worth $1,763,000. Apollo Management Holdings L.P. bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $40,853,000. Quantbot Technologies LP acquired a new position in XPLR Infrastructure in the 2nd quarter worth $1,374,000. Finally, KLP Kapitalforvaltning AS bought a new position in XPLR Infrastructure during the 3rd quarter worth about $5,828,000. 66.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wall Street Zen cut XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. CIBC boosted their target price on XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Royal Bank Of Canada initiated coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target for the company. Morgan Stanley cut their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $12.28.

XPLR Infrastructure Stock Up 1.4%

NYSE:XIFR opened at $9.84 on Wednesday. XPLR Infrastructure, LP has a twelve month low of $7.53 and a twelve month high of $12.65. The firm has a market capitalization of $924.19 million, a price-to-earnings ratio of -5.82 and a beta of 0.97. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $9.59 and its two-hundred day moving average price is $9.79.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.30). The company had revenue of $315.00 million during the quarter, compared to analyst estimates of $331.56 million. XPLR Infrastructure had a negative net margin of 12.73% and a positive return on equity of 2.01%. XPLR Infrastructure’s revenue was down 1.3% on a year-over-year basis. Equities research analysts expect that XPLR Infrastructure, LP will post 2.33 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.