ING Groep NV Decreases Stake in XPLR Infrastructure, LP $XIFR

ING Groep NV lowered its position in XPLR Infrastructure, LP (NYSE:XIFR) by 89.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 217,000 shares of the solar energy provider’s stock after selling 1,783,000 shares during the period. ING Groep NV owned 0.23% of XPLR Infrastructure worth $2,170,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of XPLR Infrastructure by 4,489.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 308,021 shares of the solar energy provider’s stock worth $3,133,000 after acquiring an additional 301,310 shares during the period. Anchorage Capital Advisors L.P. purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth $33,443,000. Aberdeen Group plc purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth $7,044,000. Counterpoint Mutual Funds LLC purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth $3,148,000. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth $8,084,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Down 0.8%

Shares of NYSE:XIFR opened at $11.60 on Wednesday. The business has a 50-day moving average price of $11.03 and a 200 day moving average price of $10.33. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.65 and a beta of 0.95. XPLR Infrastructure, LP has a 12-month low of $7.99 and a 12-month high of $13.25.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The business had revenue of $275.00 million for the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The company’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned ($1.05) earnings per share. Sell-side analysts expect that XPLR Infrastructure, LP will post -0.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Mizuho set a $12.00 price target on XPLR Infrastructure in a report on Wednesday, February 11th. Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Evercore set a $11.00 price target on XPLR Infrastructure in a report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce reduced their price target on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell 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 $12.57.

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.