Vaughan Nelson Investment Management L.P. Sells 1,275 Shares of XPLR Infrastructure, LP (NYSE:XIFR)

Vaughan Nelson Investment Management L.P. decreased its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the solar energy provider’s stock after selling 1,275 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in XPLR Infrastructure were worth $534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XIFR. M&G PLC boosted its position in XPLR Infrastructure by 19.3% during the 3rd quarter. M&G PLC now owns 3,062,083 shares of the solar energy provider’s stock worth $85,738,000 after acquiring an additional 496,383 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in XPLR Infrastructure during the fourth quarter worth $21,449,000. Redwood Grove Capital LLC boosted its holdings in XPLR Infrastructure by 19.7% during the third quarter. Redwood Grove Capital LLC now owns 982,235 shares of the solar energy provider’s stock worth $27,129,000 after purchasing an additional 161,436 shares during the last quarter. abrdn plc grew its position in XPLR Infrastructure by 15.3% in the fourth quarter. abrdn plc now owns 980,200 shares of the solar energy provider’s stock valued at $17,242,000 after purchasing an additional 130,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in XPLR Infrastructure by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 630,588 shares of the solar energy provider’s stock valued at $17,417,000 after buying an additional 46,728 shares during the last quarter. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Down 4.5 %

Shares of XIFR opened at $8.45 on Monday. The firm’s 50 day moving average is $16.27 and its 200-day moving average is $20.84. XPLR Infrastructure, LP has a 12 month low of $8.42 and a 12 month high of $35.15. The company has a current ratio of 2.02, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $790.33 million, a PE ratio of -84.50 and a beta of 1.03.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Evercore ISI decreased their price target on XPLR Infrastructure from $32.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Barclays cut their target price on shares of XPLR Infrastructure from $17.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, February 3rd. Scotiabank lowered their price target on XPLR Infrastructure from $15.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on XPLR Infrastructure from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $13.00 target price (down from $22.00) on shares of XPLR Infrastructure in a report on Monday, February 3rd. Three 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 presently has an average rating of “Hold” and a consensus 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.