XPLR Infrastructure, LP (NYSE:XIFR) Stock Has Consensus Target Price of $12.50

Shares of XPLR Infrastructure, LP (NYSE:XIFR) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $12.50.

Several research analysts have issued reports on XIFR shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating and set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Friday, July 17th. Mizuho upped their target price on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Evercore reissued a “positive” rating and set a $12.00 price target on shares of XPLR Infrastructure in a report on Monday, August 17th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Finally, Zacks Research raised XPLR Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th.

Institutional Investors Weigh In On XPLR Infrastructure

Several hedge funds have recently modified their holdings of the stock. Anchorage Capital Advisors L.P. increased its stake in XPLR Infrastructure by 109.8% in the 4th quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock valued at $68,993,000 after buying an additional 3,610,961 shares during the period. Aventail Capital Group LP boosted its holdings in shares of XPLR Infrastructure by 39.2% in the fourth quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider’s stock valued at $16,086,000 after acquiring an additional 453,144 shares in the last quarter. Endure Capital Management LLC acquired a new position in shares of XPLR Infrastructure during the first quarter worth about $12,054,000. Arrowstreet Capital Limited Partnership raised its holdings in XPLR Infrastructure by 63.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,093,633 shares of the solar energy provider’s stock worth $11,614,000 after purchasing an additional 425,174 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in XPLR Infrastructure by 372.8% in the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock valued at $10,304,000 after purchasing an additional 687,931 shares during the period. 66.01% of the stock is owned by institutional investors and hedge funds.

XPLR Infrastructure Price Performance

XIFR stock opened at $10.37 on Wednesday. The company has a market capitalization of $977.39 million, a P/E ratio of 15.95 and a beta of 0.95. XPLR Infrastructure has a twelve month low of $8.68 and a twelve month high of $13.25. The business has a 50 day simple moving average of $11.32 and a 200-day simple moving average of $11.35. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 0.56.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.90. The business had revenue of $363.00 million for the quarter. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. During the same quarter last year, the business posted $0.84 earnings per share. As a group, equities analysts anticipate that XPLR Infrastructure will post 0.83 EPS for the current year.

XPLR Infrastructure Company Profile

XPLR Infrastructure (NYSE: XIFR) is an energy infrastructure company that owns and operates a portfolio of contracted renewable energy and infrastructure assets. Its activities include the development, acquisition and management of clean energy projects designed to provide electricity under long-term contractual arrangements.

The company’s portfolio includes wind and solar generation facilities, battery storage projects and natural gas pipeline infrastructure. XPLR Infrastructure primarily serves energy markets in the United States and Canada, working with utilities, commercial customers and other energy market participants.

The company was established in 2014 as NextEra Energy Partners, LP, a vehicle formed by NextEra Energy to own operating clean energy and infrastructure assets.