XPLR Infrastructure, LP $XIFR Shares Sold by ING Groep NV

ING Groep NV trimmed its holdings in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 89.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 217,000 shares of the solar energy provider’s stock after selling 1,783,000 shares during the quarter. ING Groep NV’s holdings in XPLR Infrastructure were worth $2,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. US Bancorp DE acquired a new position in XPLR Infrastructure in the 3rd quarter valued at about $28,000. Huntington National Bank grew its position in XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock valued at $31,000 after acquiring an additional 2,698 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $55,000. CANADA LIFE ASSURANCE Co acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $77,000. Finally, SG Americas Securities LLC acquired a new position in XPLR Infrastructure in the 4th quarter valued at about $106,000. 66.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XIFR has been the subject of several research reports. Barclays lifted their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Weiss Ratings raised XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Evercore set a $11.00 target price on XPLR Infrastructure in a research report on Monday, May 11th. Finally, Mizuho set a $12.00 target price on XPLR Infrastructure in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.57.

XPLR Infrastructure Stock Performance

Shares of XPLR Infrastructure stock opened at $11.60 on Wednesday. XPLR Infrastructure, LP has a one year low of $7.99 and a one year high of $13.25. The company has a market cap of $1.09 billion, a PE ratio of 10.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The business has a 50-day simple moving average of $11.03 and a 200-day simple moving average of $10.33.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The company had revenue of $275.00 million for the quarter. During the same period in the previous year, the company posted ($1.05) earnings per share. The business’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that XPLR Infrastructure, LP will post -0.32 EPS for the current fiscal 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.