Janney Montgomery Scott LLC Has $905,000 Stake in XPLR Infrastructure, LP (NYSE:XIFR)

Janney Montgomery Scott LLC reduced its holdings in XPLR Infrastructure, LP (NYSE:XIFR) by 58.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,823 shares of the solar energy provider’s stock after selling 70,436 shares during the period. Janney Montgomery Scott LLC owned approximately 0.05% of XPLR Infrastructure worth $905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&G PLC lifted its stake in shares of XPLR Infrastructure by 19.3% in the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock valued at $85,738,000 after purchasing an additional 496,383 shares during the period. Assenagon Asset Management S.A. increased its holdings in XPLR Infrastructure by 59.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 173,251 shares of the solar energy provider’s stock valued at $3,084,000 after purchasing an additional 64,673 shares during the last quarter. Franklin Resources Inc. lifted its stake in XPLR Infrastructure by 89.4% in the third quarter. Franklin Resources Inc. now owns 78,930 shares of the solar energy provider’s stock valued at $2,049,000 after buying an additional 37,265 shares during the period. Thrivent Financial for Lutherans bought a new position in XPLR Infrastructure during the third quarter worth about $16,186,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of XPLR Infrastructure by 158.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 255,754 shares of the solar energy provider’s stock worth $7,064,000 after buying an additional 156,774 shares during the period. 66.01% of the stock is owned by institutional investors.

XPLR Infrastructure Stock Performance

Shares of XIFR stock opened at $8.85 on Friday. XPLR Infrastructure, LP has a 12 month low of $8.81 and a 12 month high of $35.15. The company’s fifty day simple moving average is $16.62 and its 200-day simple moving average is $21.16. The firm has a market cap of $827.78 million, a PE ratio of -88.50 and a beta of 1.03. The company has a quick ratio of 1.78, a current ratio of 2.02 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 EPS 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%. Equities research analysts expect that XPLR Infrastructure, LP will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Guggenheim cut their price target on shares of XPLR Infrastructure from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Scotiabank cut their target price on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 29th. Evercore ISI decreased their price target on shares of XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Barclays dropped their price objective on XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, BNP Paribas raised XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.27.

About XPLR Infrastructure

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.