Naples Global Advisors LLC Lowers Position in XPLR Infrastructure, LP (NYSE:XIFR)

Naples Global Advisors LLC trimmed its stake in XPLR Infrastructure, LP (NYSE:XIFR) by 43.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,515 shares of the solar energy provider’s stock after selling 14,005 shares during the quarter. Naples Global Advisors LLC’s holdings in XPLR Infrastructure were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Apollon Wealth Management LLC grew its holdings in XPLR Infrastructure by 5.7% in the third quarter. Apollon Wealth Management LLC now owns 12,306 shares of the solar energy provider’s stock valued at $340,000 after purchasing an additional 667 shares during the period. Creative Planning grew its stake in XPLR Infrastructure by 15.2% during the second quarter. Creative Planning now owns 11,307 shares of the solar energy provider’s stock worth $313,000 after buying an additional 1,490 shares during the period. Pathway Financial Advisers LLC grew its stake in XPLR Infrastructure by 3.6% during the third quarter. Pathway Financial Advisers LLC now owns 50,110 shares of the solar energy provider’s stock worth $1,384,000 after buying an additional 1,747 shares during the period. Eastern Bank purchased a new stake in XPLR Infrastructure during the third quarter worth approximately $57,000. Finally, Integrated Wealth Concepts LLC grew its stake in XPLR Infrastructure by 16.2% during the third quarter. Integrated Wealth Concepts LLC now owns 14,945 shares of the solar energy provider’s stock worth $413,000 after buying an additional 2,084 shares during the period. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Morgan Stanley reiterated an “underweight” rating and set a $13.00 price objective (down from $22.00) on shares of XPLR Infrastructure in a research note on Monday, February 3rd. BMO Capital Markets reissued a “market perform” rating and set a $18.00 target price (down from $26.00) on shares of XPLR Infrastructure in a research report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Guggenheim cut their price target on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, XPLR Infrastructure has a consensus rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Stock Down 2.3 %

Shares of NYSE:XIFR opened at $8.45 on Friday. The stock has a market capitalization of $790.36 million, a price-to-earnings ratio of -84.50 and a beta of 1.03. XPLR Infrastructure, LP has a 1-year low of $7.97 and a 1-year high of $35.15. The company’s fifty day moving average is $15.27 and its two-hundred day moving average is $20.30. 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 issued its earnings results 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%. Equities analysts anticipate that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

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.