Bank of America Corp DE Buys 547,898 Shares of XPLR Infrastructure, LP $XIFR

Bank of America Corp DE increased its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR - Free Report) by 248.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 768,078 shares of the solar energy provider's stock after purchasing an additional 547,898 shares during the quarter. Bank of America Corp DE owned approximately 0.81% of XPLR Infrastructure worth $8,157,000 at the end of the most recent reporting period.

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Several other institutional investors and hedge funds have also added to or reduced their stakes in XIFR. US Bancorp DE acquired a new position in shares of XPLR Infrastructure during the third quarter worth $28,000. Huntington National Bank grew its position in XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider's stock worth $31,000 after acquiring an additional 2,698 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure in the 2nd quarter worth about $55,000. CANADA LIFE ASSURANCE Co acquired a new position in XPLR Infrastructure in the 2nd quarter worth about $77,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in XPLR Infrastructure by 50.7% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,796 shares of the solar energy provider's stock valued at $118,000 after purchasing an additional 3,970 shares during the last quarter. Institutional investors own 66.01% of the company's stock.

XPLR Infrastructure Trading Up 1.5%

NYSE XIFR opened at $11.32 on Tuesday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 17.41 and a beta of 0.94. The business has a 50 day simple moving average of $11.90 and a 200 day simple moving average of $11.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 1.14. XPLR Infrastructure, LP has a one year low of $8.68 and a one year high of $13.25.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, topping 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 in the previous year, the business posted $0.84 earnings per share. Research analysts expect that XPLR Infrastructure, LP will post 0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on XIFR. Wall Street Zen upgraded XPLR Infrastructure from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. Mizuho raised their price objective on XPLR Infrastructure from $12.00 to $13.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Morgan Stanley lifted their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 20th. Weiss Ratings upgraded XPLR Infrastructure from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 1st. Finally, Canadian Imperial Bank of Commerce reissued a "neutral" rating and set a $12.00 target price on shares of XPLR Infrastructure in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, XPLR Infrastructure currently has a consensus rating of "Hold" and a consensus price target of $12.50.

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.

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