VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in XPLR Infrastructure, LP (NYSE:XIFR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 94,750 shares of the solar energy provider’s stock, valued at approximately $1,119,000.
Several other large investors have also added to or reduced their stakes in XIFR. California State Teachers Retirement System boosted its stake in XPLR Infrastructure by 1,081.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,508,350 shares of the solar energy provider’s stock valued at $17,814,000 after purchasing an additional 1,380,632 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of XPLR Infrastructure in the second quarter worth approximately $505,000. Headlands Technologies LLC raised its stake in shares of XPLR Infrastructure by 39.6% in the second quarter. Headlands Technologies LLC now owns 14,894 shares of the solar energy provider’s stock worth $176,000 after purchasing an additional 4,223 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of 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 worth $10,304,000 after purchasing an additional 687,931 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of XPLR Infrastructure by 35.9% in the second quarter. Central Pacific Bank Trust Division now owns 26,500 shares of the solar energy provider’s stock valued at $313,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors own 66.01% of the company’s stock.
Wall Street Analysts Forecast Growth
XIFR has been the topic of several analyst reports. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Morgan Stanley increased their price target on XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. Mizuho raised their price objective on XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $12.00 price objective on shares of XPLR Infrastructure in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. One investment 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, the company currently has a consensus rating of “Hold” and an average target price of $12.50.
XPLR Infrastructure Price Performance
Shares of NYSE XIFR opened at $11.42 on Friday. XPLR Infrastructure, LP has a twelve month low of $8.68 and a twelve month high of $13.25. The stock’s 50 day moving average price is $11.89 and its 200-day moving average price is $11.31. The company has a market capitalization of $1.08 billion, a PE ratio of 17.56 and a beta of 0.93. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.56.
XPLR Infrastructure (NYSE:XIFR – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.The business had revenue of $363.00 million for the quarter. During the same period in the prior year, the firm posted $0.84 EPS. On average, equities analysts anticipate that XPLR Infrastructure, LP will post 0.11 EPS for the current year.
About XPLR Infrastructure
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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