97,600 Shares in XPLR Infrastructure, LP (NYSE:XIFR) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 97,600 shares of the solar energy provider’s stock, valued at approximately $1,737,000.

Other large investors have also added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at $57,000. McIlrath & Eck LLC purchased a new stake in XPLR Infrastructure in the 3rd quarter worth $63,000. Avion Wealth raised its holdings in XPLR Infrastructure by 610.2% during the fourth quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after acquiring an additional 2,270 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of XPLR Infrastructure by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of XPLR Infrastructure by 10.1% in the fourth quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after acquiring an additional 1,049 shares during the period. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Trading Down 0.2 %

Shares of XIFR opened at $9.33 on Friday. The company’s fifty day simple moving average is $14.37 and its 200-day simple moving average is $19.71. The company has a market cap of $872.63 million, a P/E ratio of -93.30 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. XPLR Infrastructure, LP has a twelve month low of $7.97 and a twelve month high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.20. XPLR Infrastructure had a negative net margin of 0.73% and a positive return on equity of 1.34%. As a group, analysts expect that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on XIFR shares. Scotiabank decreased their target price on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 29th. Barclays reduced their price objective on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 target price (down from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Finally, Jefferies Financial Group decreased their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, XPLR Infrastructure currently has a consensus rating of “Hold” and an average price target of $20.27.

About XPLR Infrastructure

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.