XPLR Infrastructure, LP (NYSE:XIFR) Shares Acquired by Castellan Group

Castellan Group increased its position in XPLR Infrastructure, LP (NYSE:XIFR) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 131,599 shares of the solar energy provider’s stock after purchasing an additional 5,772 shares during the period. Castellan Group’s holdings in XPLR Infrastructure were worth $2,342,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC increased its position in XPLR Infrastructure by 5.7% during the third quarter. Apollon Wealth Management LLC now owns 12,306 shares of the solar energy provider’s stock worth $340,000 after buying an additional 667 shares during the period. Creative Planning grew its position in shares of XPLR Infrastructure by 15.2% during the second quarter. Creative Planning now owns 11,307 shares of the solar energy provider’s stock worth $313,000 after acquiring an additional 1,490 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of XPLR Infrastructure by 3.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 50,110 shares of the solar energy provider’s stock valued at $1,384,000 after acquiring an additional 1,747 shares during the period. Eastern Bank purchased a new stake in XPLR Infrastructure in the 3rd quarter valued at $57,000. Finally, Integrated Wealth Concepts LLC boosted its stake in XPLR Infrastructure by 16.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,945 shares of the solar energy provider’s stock worth $413,000 after purchasing an additional 2,084 shares during the period. 66.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on XIFR. CIBC dropped their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Scotiabank decreased their price objective on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their target price on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, BNP Paribas upgraded XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.27.

XPLR Infrastructure Stock Performance

Shares of XIFR opened at $8.51 on Thursday. XPLR Infrastructure, LP has a 52-week low of $7.97 and a 52-week high of $35.15. The company has a 50-day simple moving average of $15.64 and a 200-day simple moving average of $20.51. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, analysts predict that XPLR Infrastructure, LP will post 2.33 earnings per share for the current 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.