XPLR Infrastructure, LP (NYSE:XIFR) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts have a consensus “Hold” rating on XPLR Infrastructure, with two sells, three holds, two buys and one strong buy. The average 12-month price target is $12.50, versus a reported share price of $10.44.
• Institutional investors and hedge funds own 66.01% of the company, with several major investors increasing their positions, including Anchorage Capital Advisors, Arrowstreet Capital and Assenagon Asset Management.
• XPLR reported quarterly EPS of $0.40, exceeding the consensus estimate of a $0.50 loss, on revenue of $363 million. Shares remain below their 50-day and 200-day moving averages and have traded between $8.68 and $13.25 over the past year.

Shares of XPLR Infrastructure, LP (NYSE:XIFR - Get Free Report) have earned an average recommendation of "Hold" from the eight analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.50.

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Several analysts have issued reports on XIFR shares. Evercore restated a "positive" rating and issued a $12.00 target price on shares of XPLR Infrastructure in a report on Monday, August 17th. Weiss Ratings lowered XPLR Infrastructure from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, September 16th. Zacks Research upgraded shares of XPLR Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 19th. Mizuho raised their target price on XPLR Infrastructure from $12.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of XPLR Infrastructure from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th.

Hedge Funds Weigh In On XPLR Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of the company. Anchorage Capital Advisors L.P. boosted its holdings in XPLR Infrastructure by 109.8% in the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider's stock valued at $68,993,000 after purchasing an additional 3,610,961 shares in the last quarter. Aventail Capital Group LP grew its holdings in shares of XPLR Infrastructure by 39.2% during the fourth quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider's stock worth $16,086,000 after buying an additional 453,144 shares during the last quarter. Endure Capital Management LLC purchased a new position in shares of XPLR Infrastructure in the 1st quarter valued at approximately $12,054,000. Arrowstreet Capital Limited Partnership increased its stake in XPLR Infrastructure by 63.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,093,633 shares of the solar energy provider's stock valued at $11,614,000 after buying an additional 425,174 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of XPLR Infrastructure by 372.8% during the second quarter. Assenagon Asset Management S.A. now owns 872,439 shares of the solar energy provider's stock worth $10,304,000 after acquiring an additional 687,931 shares during the period. Institutional investors and hedge funds own 66.01% of the company's stock.

XPLR Infrastructure Stock Performance

Shares of NYSE:XIFR opened at $10.44 on Wednesday. XPLR Infrastructure has a 1 year low of $8.68 and a 1 year high of $13.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 1.14. The business's 50 day moving average price is $11.53 and its 200-day moving average price is $11.35. The firm has a market capitalization of $983.71 million, a PE ratio of 16.05 and a beta of 0.93.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last issued its earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, beating analysts' consensus estimates of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The business had revenue of $363.00 million during the quarter. During the same quarter last year, the company earned $0.84 earnings per share. As a group, equities research analysts expect that XPLR Infrastructure will post 0.11 earnings per share for the current fiscal year.

XPLR Infrastructure Company Profile

XPLR Infrastructure, formerly known as NextEra Energy Partners, is an energy infrastructure company that owns and operates contracted renewable energy and other infrastructure assets. The company's portfolio is designed to support the transition to lower-carbon energy while generating long-term revenues through power purchase agreements and other commercial arrangements.

Its principal assets include utility-scale wind and solar generation facilities, battery storage projects, and natural gas pipeline infrastructure.

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