30,515 Shares in XPLR Infrastructure, LP (NYSE:XIFR) Bought by Everett Harris & Co. CA

Everett Harris & Co. CA bought a new position in XPLR Infrastructure, LP (NYSE:XIFR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,515 shares of the solar energy provider's stock, valued at approximately $543,000.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of XPLR Infrastructure by 150.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,665 shares of the solar energy provider's stock valued at $46,000 after acquiring an additional 1,000 shares during the last quarter. Eastern Bank purchased a new stake in shares of XPLR Infrastructure in the third quarter valued at about $57,000. McIlrath & Eck LLC acquired a new stake in XPLR Infrastructure during the 3rd quarter worth approximately $63,000. Central Pacific Bank Trust Division lifted its stake in shares of 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 during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at approximately $173,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock traded down $0.14 during midday trading on Wednesday, reaching $9.47. The company had a trading volume of 1,785,550 shares, compared to its average volume of 4,359,861. The stock has a fifty day simple moving average of $16.78 and a 200 day simple moving average of $21.24. XPLR Infrastructure, LP has a 1-year low of $9.37 and a 1-year high of $35.15. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $885.73 million, a price-to-earnings ratio of -94.70 and a beta of 1.03.

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XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. As a group, equities research analysts forecast that XPLR Infrastructure, LP will post 1.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XIFR. Evercore ISI cut their price target on shares of XPLR Infrastructure from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. BMO Capital Markets reiterated a "market perform" rating and issued a $18.00 price target (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. Wells Fargo & Company lowered their target price on shares of XPLR Infrastructure from $33.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. CIBC lowered their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of XPLR Infrastructure from $22.00 to $20.00 and set a "neutral" rating for the company in a report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $20.27.

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.