Good Life Advisors LLC Makes New Investment in XPLR Infrastructure, LP (NYSE:XIFR)

Good Life Advisors LLC acquired a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,228 shares of the solar energy provider’s stock, valued at approximately $218,000.

Other hedge funds also recently added to or reduced their stakes in the company. Avion Wealth lifted its position in XPLR Infrastructure by 610.2% during the 4th quarter. Avion Wealth now owns 2,642 shares of the solar energy provider’s stock worth $47,000 after acquiring an additional 2,270 shares during the period. Eastern Bank acquired a new stake in XPLR Infrastructure during the 3rd quarter worth approximately $57,000. McIlrath & Eck LLC purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth approximately $63,000. Central Pacific Bank Trust Division raised its stake in shares of XPLR Infrastructure by 153.1% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,200 shares of the solar energy provider’s stock worth $110,000 after buying an additional 3,750 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of XPLR Infrastructure by 10.1% during the 4th quarter. Truist Financial Corp now owns 11,434 shares of the solar energy provider’s stock worth $204,000 after buying an additional 1,049 shares in the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XIFR shares. Jefferies Financial Group cut their target price on XPLR Infrastructure from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. CIBC cut their target price on XPLR Infrastructure from $26.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company cut their target price 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. Finally, BNP Paribas raised XPLR Infrastructure from an “underperform” rating to a “neutral” rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, XPLR Infrastructure currently has a consensus rating of “Hold” and a consensus target price of $20.27.

XPLR Infrastructure Price Performance

Shares of NYSE:XIFR opened at $9.33 on Friday. The business’s fifty day moving average price is $14.37 and its two-hundred day moving average price is $19.71. The stock has a market cap of $872.63 million, a PE ratio of -93.30 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.02. XPLR Infrastructure, LP has a one year low of $7.97 and a one year high of $35.15.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, January 28th. The solar energy provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates 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 forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current fiscal year.

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.