XPLR Infrastructure, LP (NYSE:XIFR) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC reduced its stake in XPLR Infrastructure, LP (NYSE:XIFR) by 43.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 18,515 shares of the solar energy provider’s stock after selling 14,005 shares during the quarter. Naples Global Advisors LLC’s holdings in XPLR Infrastructure were worth $330,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC grew its position in XPLR Infrastructure by 5.7% during the 3rd 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. Creative Planning grew its position in XPLR Infrastructure by 15.2% during the 2nd quarter. Creative Planning now owns 11,307 shares of the solar energy provider’s stock worth $313,000 after purchasing an additional 1,490 shares during the last quarter. Pathway Financial Advisers LLC grew its position in XPLR Infrastructure by 3.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 50,110 shares of the solar energy provider’s stock worth $1,384,000 after purchasing an additional 1,747 shares during the last quarter. Eastern Bank purchased a new position in XPLR Infrastructure during the 3rd quarter worth $57,000. Finally, Integrated Wealth Concepts LLC grew its position in XPLR Infrastructure by 16.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 14,945 shares of the solar energy provider’s stock worth $413,000 after purchasing an additional 2,084 shares during the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $8.45 on Friday. The firm has a 50 day simple moving average of $15.27 and a 200-day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.02 and a quick ratio of 1.78. The firm has a market cap of $790.36 million, a PE ratio of -84.50 and a beta of 1.03. XPLR Infrastructure, LP has a 1-year low of $7.97 and a 1-year high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, January 28th. The solar energy provider reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts expect that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Wall Street Analyst Weigh In

XIFR has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of XPLR Infrastructure from $33.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Scotiabank lowered 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. BMO Capital Markets reiterated a “market perform” rating and issued a $18.00 price objective (down previously from $26.00) on shares of XPLR Infrastructure in a research note on Monday, January 13th. CIBC reduced their price objective on shares of XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, BNP Paribas upgraded shares of XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, XPLR Infrastructure has an average rating of “Hold” and an average target price 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.