Allworth Financial LP Sells 4,003 Shares of XPLR Infrastructure, LP (NYSE:XIFR)

Allworth Financial LP reduced its position in XPLR Infrastructure, LP (NYSE:XIFR) by 59.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,715 shares of the solar energy provider’s stock after selling 4,003 shares during the quarter. Allworth Financial LP’s holdings in XPLR Infrastructure were worth $48,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XIFR. Apollon Wealth Management LLC increased its position in shares of XPLR Infrastructure by 5.7% in the third quarter. Apollon Wealth Management LLC now owns 12,306 shares of the solar energy provider’s stock worth $340,000 after purchasing an additional 667 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in XPLR Infrastructure by 3.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 50,110 shares of the solar energy provider’s stock worth $1,384,000 after buying an additional 1,747 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of XPLR Infrastructure by 16.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,945 shares of the solar energy provider’s stock worth $413,000 after buying an additional 2,084 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at $63,000. Finally, Avion Wealth increased its position in shares of XPLR Infrastructure by 610.2% during the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock valued at $47,000 after purchasing an additional 2,270 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Up 2.0 %

Shares of XPLR Infrastructure stock opened at $9.34 on Wednesday. The company has a 50-day simple moving average of $14.03 and a two-hundred day simple moving average of $19.43. XPLR Infrastructure, LP has a 52-week low of $7.97 and a 52-week high of $35.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. The stock has a market capitalization of $873.61 million, a PE ratio of -93.40 and a beta of 1.03.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.20. XPLR Infrastructure had a positive return on equity of 1.34% and a negative net margin of 0.73%. On average, analysts anticipate that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal year.

Analysts Set New Price Targets

XIFR has been the topic of several analyst reports. BNP Paribas raised XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their price target on XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Scotiabank decreased their price objective on shares of XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating for the company in a report on Wednesday, January 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 target price (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. Finally, Barclays lowered their price objective on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.27.

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.