XPLR Infrastructure Sees Unusually Large Options Volume (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR – Get Free Report) was the recipient of some unusual options trading on Monday. Investors purchased 17,196 put options on the company. This represents an increase of approximately 404% compared to the average daily volume of 3,409 put options.

XPLR Infrastructure Stock Performance

NYSE:XIFR traded down $0.17 during trading hours on Monday, reaching $10.38. The stock had a trading volume of 1,252,429 shares, compared to its average volume of 1,074,761. The stock has a market cap of $978.43 million, a P/E ratio of 15.97 and a beta of 0.93. The stock has a 50 day simple moving average of $11.60 and a 200 day simple moving average of $11.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.14 and a current ratio of 1.27. XPLR Infrastructure has a 12-month low of $8.68 and a 12-month high of $13.25.

XPLR Infrastructure (NYSE:XIFR – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.The firm had revenue of $363.00 million for the quarter. During the same period in the prior year, the company earned $0.84 EPS. On average, research analysts forecast that XPLR Infrastructure will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

XIFR has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $12.00 target price on shares of XPLR Infrastructure in a research note on Friday, July 17th. Evercore restated a “positive” rating and set a $12.00 price target on shares of XPLR Infrastructure in a research report on Monday, August 17th. Weiss Ratings downgraded shares of XPLR Infrastructure from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, September 16th. Mizuho lifted their price objective on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of XPLR Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, XPLR Infrastructure has an average rating of “Hold” and an average price target of $12.50.

Read Our Latest Analysis on XPLR Infrastructure

Hedge Funds Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XIFR. Anchorage Capital Advisors L.P. raised its position in shares of XPLR Infrastructure by 109.8% in the fourth 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 purchasing an additional 3,610,961 shares during the period. Aventail Capital Group LP boosted its holdings in XPLR Infrastructure by 39.2% in the 4th quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider’s stock worth $16,086,000 after buying an additional 453,144 shares during the period. Endure Capital Management LLC bought a new position in XPLR Infrastructure in the 1st quarter worth approximately $12,054,000. Arrowstreet Capital Limited Partnership grew its stake in XPLR Infrastructure by 63.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,093,633 shares of the solar energy provider’s stock valued at $11,614,000 after buying an additional 425,174 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in XPLR Infrastructure by 372.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider’s stock valued at $10,304,000 after buying an additional 687,931 shares in the last quarter. Institutional investors own 66.01% of the company’s stock.

About XPLR Infrastructure

(Get Free Report)

XPLR Infrastructure, formerly known as NextEra Energy Partners, is an energy infrastructure company that owns and operates contracted renewable energy and other infrastructure assets. The company’s portfolio is designed to support the transition to lower-carbon energy while generating long-term revenues through power purchase agreements and other commercial arrangements.

Its principal assets include utility-scale wind and solar generation facilities, battery storage projects, and natural gas pipeline infrastructure.

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