VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in XPLR Infrastructure, LP $XIFR

Key Points

• Virginia Retirement Systems purchased 94,750 shares of XPLR Infrastructure worth approximately $1.12 million, joining other institutional investors that increased their positions. Institutions and hedge funds now own 66.01% of the company.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $12.50. Recent targets are generally around $12, while Zacks upgraded the stock to “strong buy.”
• XIFR shares opened at $11.42, down 0.5%, while the company’s latest quarterly results exceeded expectations with adjusted EPS of $0.40 versus a consensus estimate of a $0.50 loss.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 94,750 shares of the solar energy provider's stock, valued at approximately $1,119,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.10% of XPLR Infrastructure at the end of the most recent quarter.

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A number of other large investors have also recently bought and sold shares of XIFR. California State Teachers Retirement System lifted its stake in shares of XPLR Infrastructure by 1,081.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,508,350 shares of the solar energy provider's stock valued at $17,814,000 after purchasing an additional 1,380,632 shares during the period. Ameritas Advisory Services LLC acquired a new stake in XPLR Infrastructure during the second quarter worth approximately $505,000. Headlands Technologies LLC grew its stake in XPLR Infrastructure by 39.6% during the second quarter. Headlands Technologies LLC now owns 14,894 shares of the solar energy provider's stock worth $176,000 after purchasing an additional 4,223 shares during the period. Assenagon Asset Management S.A. increased its holdings in XPLR Infrastructure by 372.8% in 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 purchasing an additional 687,931 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in XPLR Infrastructure by 35.9% in the second quarter. Central Pacific Bank Trust Division now owns 26,500 shares of the solar energy provider's stock worth $313,000 after purchasing an additional 7,000 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on XIFR shares. Morgan Stanley increased their price target on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an "underweight" rating in a report on Wednesday, May 20th. Evercore reiterated a "positive" rating and set a $12.00 target price on shares of XPLR Infrastructure in a research report on Monday, August 17th. Canadian Imperial Bank of Commerce reissued a "neutral" rating and set a $12.00 target price on shares of XPLR Infrastructure in a research note on Friday, July 17th. Zacks Research upgraded shares of XPLR Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 19th. Finally, Wall Street Zen raised shares of XPLR Infrastructure from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.50.

XPLR Infrastructure Stock Down 0.5%

Shares of NYSE:XIFR opened at $11.42 on Friday. The business's 50 day simple moving average is $11.89 and its two-hundred day simple moving average is $11.31. The firm has a market cap of $1.08 billion, a P/E ratio of 17.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.14 and a current ratio of 1.27. XPLR Infrastructure, LP has a 52-week low of $8.68 and a 52-week high of $13.25.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, beating the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a return on equity of 0.61% and a net margin of 5.24%.The firm had revenue of $363.00 million during the quarter. During the same quarter in the prior year, the firm earned $0.84 EPS. As a group, research analysts forecast that XPLR Infrastructure, LP will post 0.11 EPS for the current fiscal year.

XPLR Infrastructure 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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