XPLR Infrastructure, LP (NYSE:XIFR) Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,410 shares of the solar energy provider’s stock after purchasing an additional 3,387 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in XPLR Infrastructure were worth $381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Good Life Advisors LLC acquired a new position in XPLR Infrastructure during the fourth quarter worth $218,000. Alberta Investment Management Corp acquired a new position in shares of XPLR Infrastructure in the 4th quarter valued at $1,737,000. Truist Financial Corp lifted its stake in shares of XPLR Infrastructure by 10.1% in the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock valued at $204,000 after purchasing an additional 1,049 shares during the last quarter. Castellan Group lifted its stake in shares of XPLR Infrastructure by 4.6% in the 4th quarter. Castellan Group now owns 131,599 shares of the solar energy provider’s stock valued at $2,342,000 after purchasing an additional 5,772 shares during the last quarter. Finally, Avion Wealth lifted its stake in shares of XPLR Infrastructure by 610.2% in the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after purchasing an additional 2,270 shares during the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Price Performance

Shares of NYSE XIFR opened at $9.18 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. XPLR Infrastructure, LP has a fifty-two week low of $7.97 and a fifty-two week high of $35.15. The firm has a market capitalization of $858.64 million, a PE ratio of -91.80 and a beta of 1.03. The stock’s 50-day simple moving average is $14.20 and its 200-day simple moving average is $19.54.

XPLR Infrastructure (NYSE:XIFR) last issued its earnings results 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 positive return on equity of 1.34% and a negative net margin of 0.73%. As a group, equities research analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on XIFR shares. Morgan Stanley reissued an “underweight” rating and set a $13.00 target price (down previously from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. Jefferies Financial Group decreased their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Guggenheim decreased their target price on XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. BMO Capital Markets reissued a “market perform” rating and set a $18.00 target price (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Finally, Wells Fargo & Company decreased 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. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.27.

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.