Sanctuary Advisors LLC Sells 2,951 Shares of XPLR Infrastructure, LP (NYSE:XIFR)

Sanctuary Advisors LLC reduced its holdings in XPLR Infrastructure, LP (NYSE:XIFR) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,589 shares of the solar energy provider’s stock after selling 2,951 shares during the quarter. Sanctuary Advisors LLC’s holdings in XPLR Infrastructure were worth $384,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. M&G PLC increased its holdings in shares of XPLR Infrastructure by 19.3% during the third quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock valued at $85,738,000 after acquiring an additional 496,383 shares in the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of XPLR Infrastructure during the fourth quarter valued at approximately $21,449,000. Redwood Grove Capital LLC increased its holdings in shares of XPLR Infrastructure by 19.7% during the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock valued at $27,129,000 after acquiring an additional 161,436 shares in the last quarter. abrdn plc increased its holdings in shares of XPLR Infrastructure by 15.3% during the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock valued at $17,242,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of XPLR Infrastructure by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock valued at $17,417,000 after acquiring an additional 46,728 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. CIBC decreased their price objective on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Barclays cut their target price on XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. BNP Paribas raised XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company cut their target price on 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. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Stock Down 4.9 %

XIFR stock opened at $8.60 on Tuesday. The stock’s fifty day simple moving average is $13.52 and its two-hundred day simple moving average is $19.10. 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 1-year low of $7.97 and a 1-year high of $35.15. The stock has a market cap of $804.39 million, a P/E ratio of -86.00 and a beta of 1.03.

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

XPLR Infrastructure Company 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.