JPMorgan Chase & Co. Acquires 301,310 Shares of XPLR Infrastructure, LP $XIFR

Key Points

• JPMorgan Chase raised its stake in XPLR Infrastructure by 301,310 shares (a 4,489.8% increase) in Q3 and now owns 308,021 shares, about 0.33% of the company worth roughly $3.13 million.
• Several other large institutions—including Nomura, Apollo, Anchorage, ING and MUFG—also established sizeable new positions, leaving institutional investors with about 66.01% of XIFR's stock.
• Analyst coverage is mixed but leans negative: the consensus rating is "Reduce" with an average price target of $12.33, while individual ratings range from Buy to Sell.

JPMorgan Chase & Co. raised its stake in XPLR Infrastructure, LP (NYSE:XIFR - Free Report) by 4,489.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 308,021 shares of the solar energy provider's stock after buying an additional 301,310 shares during the quarter. JPMorgan Chase & Co. owned about 0.33% of XPLR Infrastructure worth $3,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XIFR. Nomura Holdings Inc. acquired a new stake in shares of XPLR Infrastructure during the second quarter worth $46,948,000. Apollo Management Holdings L.P. acquired a new position in XPLR Infrastructure in the 2nd quarter worth $40,853,000. Anchorage Capital Advisors L.P. bought a new position in XPLR Infrastructure during the 3rd quarter worth about $33,443,000. ING Groep NV acquired a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at about $20,340,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at about $16,400,000. Institutional investors and hedge funds own 66.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on XIFR. Weiss Ratings restated a "sell (d)" rating on shares of XPLR Infrastructure in a research note on Wednesday, January 21st. Barclays lifted their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Thursday, February 12th. Wall Street Zen raised shares of XPLR Infrastructure from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Royal Bank Of Canada assumed coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They set an "outperform" rating and a $14.00 target price for the company. Finally, Evercore reaffirmed a "hold" rating and issued a $10.80 target price on shares of XPLR Infrastructure in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $12.33.

XPLR Infrastructure Price Performance

XIFR stock opened at $10.62 on Friday. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -34.26 and a beta of 0.97. XPLR Infrastructure, LP has a twelve month low of $7.53 and a twelve month high of $11.43. The business has a 50 day moving average price of $10.34 and a two-hundred day moving average price of $10.00. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company had revenue of $249.00 million for the quarter. The company's quarterly revenue was down 15.3% on a year-over-year basis. Analysts anticipate that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal 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.

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