Avion Wealth Grows Stake in XPLR Infrastructure, LP (NYSE:XIFR)

Avion Wealth grew its position in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 610.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,642 shares of the solar energy provider’s stock after purchasing an additional 2,270 shares during the period. Avion Wealth’s holdings in XPLR Infrastructure were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XIFR. Eastern Bank purchased a new position in shares of XPLR Infrastructure during the 3rd quarter valued at $57,000. McIlrath & Eck LLC purchased a new position in shares of XPLR Infrastructure during the 3rd quarter valued at $63,000. Central Pacific Bank Trust Division grew its position in shares of XPLR Infrastructure by 153.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock valued at $110,000 after purchasing an additional 3,750 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of XPLR Infrastructure during the 4th quarter worth $211,000. Finally, LexAurum Advisors LLC bought a new stake in shares of XPLR Infrastructure during the 4th quarter worth $215,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Up 1.7 %

XIFR stock opened at $8.52 on Wednesday. The firm’s 50-day moving average price is $15.83 and its two-hundred day moving average price is $20.59. XPLR Infrastructure, LP has a 12-month low of $7.97 and a 12-month high of $35.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating 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.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XIFR shares. BNP Paribas raised shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a report on Monday, February 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. Barclays dropped their price objective on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 price objective (down from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. Finally, Wells Fargo & Company dropped their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.27.

XPLR Infrastructure 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.