Avion Wealth Increases Stake in XPLR Infrastructure, LP (NYSE:XIFR)

Avion Wealth lifted its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 610.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,642 shares of the solar energy provider’s stock after buying an additional 2,270 shares during the period. Avion Wealth’s holdings in XPLR Infrastructure were worth $47,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eastern Bank purchased a new position in shares of XPLR Infrastructure during the third quarter valued at about $57,000. McIlrath & Eck LLC purchased a new stake in XPLR Infrastructure in the third quarter worth about $63,000. Central Pacific Bank Trust Division grew its holdings in XPLR Infrastructure by 153.1% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after purchasing an additional 3,750 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in XPLR Infrastructure in the fourth quarter worth about $211,000. Finally, LexAurum Advisors LLC purchased a new stake in XPLR Infrastructure in the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BMO Capital Markets restated a “market perform” rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a report on Monday, January 13th. Evercore ISI dropped their target price on shares of XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Barclays dropped their target price on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company dropped 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 note on Wednesday, January 29th. Finally, Jefferies Financial Group dropped their target price on shares of XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.27.

XPLR Infrastructure Stock Performance

Shares of XPLR Infrastructure stock opened at $8.52 on Wednesday. The company’s fifty day simple moving average is $15.83 and its 200-day simple moving average is $20.59. XPLR Infrastructure, LP has a 1-year low of $7.97 and a 1-year high of $35.15. 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 (NYSE:XIFR) last issued its quarterly earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share 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 analysts anticipate that XPLR Infrastructure, LP will post 2.33 earnings per share for the current year.

XPLR Infrastructure 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.