XPLR Infrastructure’s (XIFR) “Underweight” Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their underweight rating on shares of XPLR Infrastructure (NYSE:XIFR) in a research report sent to investors on Monday, Marketbeat Ratings reports. Morgan Stanley currently has a $13.00 price target on the solar energy provider’s stock, down from their prior price target of $22.00.

Several other brokerages have also recently issued reports on XIFR. Jefferies Financial Group lowered their price objective on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Scotiabank dropped their price target on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price objective on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. CIBC dropped their target price on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 price target (down from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.27.

XPLR Infrastructure Trading Down 3.4 %

NYSE:XIFR opened at $9.28 on Monday. The company has a market capitalization of $867.96 million, a PE ratio of -92.80 and a beta of 1.03. XPLR Infrastructure has a 52-week low of $9.22 and a 52-week high of $35.15. The stock has a fifty day simple moving average of $16.62 and a 200-day simple moving average of $21.16. The company has a quick ratio of 1.78, a current ratio of 2.02 and a debt-to-equity ratio of 0.37.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities research analysts expect that XPLR Infrastructure will post 1.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in XIFR. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of XPLR Infrastructure in the 4th quarter worth approximately $21,449,000. Thrivent Financial for Lutherans acquired a new position in XPLR Infrastructure in the third quarter worth approximately $16,186,000. Two Sigma Advisers LP acquired a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at $15,310,000. M&G PLC grew its holdings in shares of XPLR Infrastructure by 19.3% in the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after acquiring an additional 496,383 shares during the last quarter. Finally, Graham Capital Wealth Management LLC acquired a new stake in shares of XPLR Infrastructure during the fourth quarter worth $3,003,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

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.