Assenagon Asset Management S.A. Invests $1.96 Million in XPLR Infrastructure, LP $XIFR

Assenagon Asset Management S.A. bought a new stake in XPLR Infrastructure, LP (NYSE:XIFR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 184,508 shares of the solar energy provider’s stock, valued at approximately $1,959,000. Assenagon Asset Management S.A. owned about 0.20% of XPLR Infrastructure at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. US Bancorp DE purchased a new position in XPLR Infrastructure during the third quarter worth about $28,000. Huntington National Bank grew its holdings in shares of XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after acquiring an additional 2,698 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of XPLR Infrastructure during the second quarter valued at approximately $55,000. CANADA LIFE ASSURANCE Co purchased a new stake in shares of XPLR Infrastructure during the second quarter valued at approximately $77,000. Finally, SG Americas Securities LLC bought a new stake in XPLR Infrastructure during the fourth quarter worth $106,000. 66.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on XIFR shares. Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Canadian Imperial Bank of Commerce cut 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. Evercore set a $11.00 price target on shares of XPLR Infrastructure in a research report on Monday, May 11th. Finally, Morgan Stanley raised their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.57.

XPLR Infrastructure Stock Performance

Shares of XIFR opened at $12.09 on Thursday. XPLR Infrastructure, LP has a 1 year low of $8.36 and a 1 year high of $13.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.02 and a quick ratio of 0.94. The stock’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $10.63. The firm has a market cap of $1.14 billion, a PE ratio of 11.09 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.72). The firm 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%.The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned ($1.05) EPS. On average, equities research analysts forecast that XPLR Infrastructure, LP will post -1.34 EPS for the current year.

XPLR Infrastructure 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.