abrdn plc Acquires 130,000 Shares of XPLR Infrastructure, LP (NYSE:XIFR)

abrdn plc boosted its position in shares of XPLR Infrastructure, LP (NYSE:XIFR - Free Report) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 980,200 shares of the solar energy provider's stock after buying an additional 130,000 shares during the quarter. abrdn plc owned 1.05% of XPLR Infrastructure worth $17,242,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of XPLR Infrastructure by 150.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider's stock valued at $46,000 after purchasing an additional 1,000 shares during the period. Eastern Bank purchased a new stake in XPLR Infrastructure in the 3rd quarter worth about $57,000. McIlrath & Eck LLC purchased a new stake in XPLR Infrastructure in the 3rd quarter worth about $63,000. Central Pacific Bank Trust Division lifted its stake in XPLR Infrastructure by 153.1% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider's stock worth $110,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of XPLR Infrastructure during the fourth quarter worth approximately $211,000. Institutional investors own 66.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XIFR. JPMorgan Chase & Co. cut their target price on shares of XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, January 23rd. Morgan Stanley reiterated an "underweight" rating and set a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. Guggenheim dropped their target price on XPLR Infrastructure from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group reduced their price target on XPLR Infrastructure from $25.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Finally, Evercore ISI dropped their price objective on XPLR Infrastructure from $32.00 to $30.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.27.

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XPLR Infrastructure Stock Performance

Shares of XIFR stock traded up $0.01 during trading hours on Monday, reaching $8.47. 1,858,995 shares of the company's stock were exchanged, compared to its average volume of 4,397,785. The business has a fifty day moving average price of $16.27 and a 200-day moving average price of $20.84. The stock has a market capitalization of $792.23 million, a P/E ratio of -84.70 and a beta of 1.03. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37. XPLR Infrastructure, LP has a fifty-two week low of $8.39 and a fifty-two week high of $35.15.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. Analysts predict that XPLR Infrastructure, LP will post 2.33 EPS 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.