Rockefeller Capital Management L.P. Sells 113,324 Shares of XPLR Infrastructure, LP $XIFR

Rockefeller Capital Management L.P. lowered its holdings in XPLR Infrastructure, LP (NYSE:XIFR) by 36.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 199,825 shares of the solar energy provider’s stock after selling 113,324 shares during the quarter. Rockefeller Capital Management L.P. owned 0.21% of XPLR Infrastructure worth $1,998,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure in the second quarter worth $55,000. Legal & General Group Plc bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $830,000. Prudential Financial Inc. acquired a new stake in XPLR Infrastructure in the 2nd quarter worth $119,000. Arrowstreet Capital Limited Partnership bought a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $2,869,000. Finally, Invesco Ltd. bought a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $244,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on XIFR shares. 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 lifted their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Evercore set a $11.00 price objective on XPLR Infrastructure in a research report on Monday, May 11th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Canadian Imperial Bank of Commerce reduced their target price 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. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.57.

XPLR Infrastructure Price Performance

Shares of XIFR stock opened at $11.88 on Tuesday. The stock’s fifty day simple moving average is $11.40 and its 200 day simple moving average is $10.58. XPLR Infrastructure, LP has a one year low of $8.03 and a one year high of $13.25. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.89 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 released its quarterly earnings data 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). The company had revenue of $275.00 million for the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.XPLR Infrastructure’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned ($1.05) EPS. On average, analysts expect that XPLR Infrastructure, LP will post -1.34 earnings per share for the current fiscal year.

About XPLR Infrastructure

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.