KLP Kapitalforvaltning AS Makes New Investment in XPLR Infrastructure, LP $XIFR

KLP Kapitalforvaltning AS purchased a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 573,100 shares of the solar energy provider’s stock, valued at approximately $5,828,000. KLP Kapitalforvaltning AS owned about 0.61% of XPLR Infrastructure at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Abundance Wealth Counselors acquired a new stake in XPLR Infrastructure in the third quarter valued at approximately $1,112,000. GraniteShares Advisors LLC acquired a new position in shares of XPLR Infrastructure during the 3rd quarter worth $1,763,000. Apollo Management Holdings L.P. bought a new position in shares of XPLR Infrastructure during the 2nd quarter valued at $40,853,000. Quantbot Technologies LP acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at $1,374,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in XPLR Infrastructure in the second quarter worth $256,000. Institutional investors own 66.01% of the company’s stock.

Wall Street Analysts Forecast Growth

XIFR has been the topic of several analyst reports. CIBC increased their target price on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Morgan Stanley lowered their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. Wall Street Zen lowered XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Royal Bank Of Canada started coverage on XPLR Infrastructure in a report on Tuesday. They set an “outperform” rating and a $14.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.50.

XPLR Infrastructure Stock Performance

XIFR opened at $10.54 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $9.46 and its two-hundred day moving average price is $9.67. The firm has a market capitalization of $989.97 million, a P/E ratio of -6.23 and a beta of 0.97. XPLR Infrastructure, LP has a 12-month low of $7.53 and a 12-month high of $18.25.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). The business had revenue of $315.00 million for the quarter, compared to analyst estimates of $331.56 million. XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The company’s revenue was down 1.3% compared to the same quarter last year. On average, equities analysts forecast that XPLR Infrastructure, LP will post 2.33 earnings per share 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.