DekaBank Deutsche Girozentrale Takes $1.30 Million Position in XPLR Infrastructure, LP $XIFR

DekaBank Deutsche Girozentrale bought a new stake in XPLR Infrastructure, LP (NYSE:XIFR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 127,971 shares of the solar energy provider’s stock, valued at approximately $1,299,000. DekaBank Deutsche Girozentrale owned 0.14% of XPLR Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XIFR. Nomura Holdings Inc. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter worth approximately $46,948,000. Apollo Management Holdings L.P. acquired a new position in shares of XPLR Infrastructure in the second quarter valued at $40,853,000. MUFG Securities EMEA plc bought a new position in XPLR Infrastructure in the second quarter worth $16,400,000. Ardsley Advisory Partners LP acquired a new stake in XPLR Infrastructure during the second quarter worth $5,986,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in XPLR Infrastructure during the third quarter worth $5,828,000. 66.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XIFR. Royal Bank Of Canada began coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price objective for the company. Morgan Stanley lowered their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 2nd. Wall Street Zen cut shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. CIBC upped their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Finally, Barclays dropped their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $12.28.

XPLR Infrastructure Stock Performance

Shares of XPLR Infrastructure stock opened at $9.84 on Wednesday. The firm has a fifty day moving average of $9.59 and a two-hundred day moving average of $9.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a market capitalization of $924.19 million, a price-to-earnings ratio of -5.82 and a beta of 0.97. XPLR Infrastructure, LP has a 52 week low of $7.53 and a 52 week high of $12.65.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The firm had revenue of $315.00 million for the quarter, compared to the consensus estimate of $331.56 million. XPLR Infrastructure’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities research analysts predict 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.