Aberdeen Group plc Invests $7.04 Million in XPLR Infrastructure, LP $XIFR

Aberdeen Group plc bought a new stake in XPLR Infrastructure, LP (NYSE:XIFR) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 683,844 shares of the solar energy provider’s stock, valued at approximately $7,044,000. Aberdeen Group plc owned 0.73% of XPLR Infrastructure as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in XPLR Infrastructure in the second quarter valued at $25,000. Future Financial Wealth Managment LLC purchased a new position in shares of XPLR Infrastructure in the 3rd quarter valued at about $55,000. JPMorgan Chase & Co. acquired a new stake in shares of XPLR Infrastructure in the second quarter valued at about $55,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in XPLR Infrastructure during the third quarter worth about $80,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in XPLR Infrastructure during the second quarter worth about $77,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $10.61 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.91 and a quick ratio of 0.69. The firm has a market cap of $996.65 million, a PE ratio of -34.21 and a beta of 1.02. The firm has a 50 day simple moving average of $10.04 and a 200-day simple moving average of $9.91. XPLR Infrastructure, LP has a 1-year low of $7.53 and a 1-year high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, topping the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The firm’s revenue was down 15.3% compared to the same quarter last year. On average, equities analysts expect that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Analyst Upgrades and Downgrades

XIFR has been the topic of several research analyst reports. Barclays boosted their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Morgan Stanley dropped their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.58.

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.