Parametric Portfolio Associates LLC acquired a new position in 8point3 Energy Partners LP (NASDAQ:CAFD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,512 shares of the energy company’s stock, valued at approximately $441,000. Parametric Portfolio Associates LLC owned 0.12% of 8point3 Energy Partners as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its position in 8point3 Energy Partners by 3.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,176 shares of the energy company’s stock valued at $111,000 after buying an additional 269 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in 8point3 Energy Partners during the fourth quarter valued at $287,000. Renaissance Technologies LLC increased its position in 8point3 Energy Partners by 131.5% in the fourth quarter. Renaissance Technologies LLC now owns 161,916 shares of the energy company’s stock valued at $2,102,000 after buying an additional 91,971 shares during the last quarter. Trillium Asset Management LLC boosted its stake in shares of 8point3 Energy Partners by 3.5% in the first quarter. Trillium Asset Management LLC now owns 352,947 shares of the energy company’s stock worth $4,789,000 after buying an additional 12,043 shares during the period. Finally, Icon Advisers Inc. Co. boosted its stake in shares of 8point3 Energy Partners by 54.7% in the first quarter. Icon Advisers Inc. Co. now owns 687,564 shares of the energy company’s stock worth $9,330,000 after buying an additional 243,200 shares during the period. 55.31% of the stock is owned by institutional investors.
Shares of 8point3 Energy Partners LP (NASDAQ CAFD) traded up 0.07% during mid-day trading on Friday, hitting $14.10. The stock had a trading volume of 132,626 shares. The company has a market cap of $395.94 million, a PE ratio of 55.08 and a beta of 0.83. The firm’s 50 day moving average price is $14.63 and its 200-day moving average price is $13.51. 8point3 Energy Partners LP has a one year low of $11.51 and a one year high of $16.21.
8point3 Energy Partners (NASDAQ:CAFD) last announced its quarterly earnings data on Thursday, June 29th. The energy company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.03. 8point3 Energy Partners had a net margin of 23.87% and a return on equity of 1.94%. The firm had revenue of $16.68 million during the quarter, compared to the consensus estimate of $15.52 million. On average, equities research analysts anticipate that 8point3 Energy Partners LP will post $0.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, July 6th were given a $0.2642 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend was Monday, July 3rd. This is an increase from 8point3 Energy Partners’s previous quarterly dividend of $0.26.
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CAFD has been the topic of a number of analyst reports. TheStreet upgraded 8point3 Energy Partners from a “d” rating to a “b-” rating in a report on Wednesday. Vetr cut 8point3 Energy Partners from a “strong-buy” rating to a “buy” rating and set a $13.81 price objective on the stock. in a report on Monday, May 1st. BidaskClub cut 8point3 Energy Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Barclays PLC cut 8point3 Energy Partners from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $15.01 to $14.00 in a report on Tuesday, June 27th. Finally, ValuEngine cut 8point3 Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. 8point3 Energy Partners presently has an average rating of “Hold” and a consensus target price of $15.20.
8point3 Energy Partners Company Profile
8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt (MW) of solar energy projects. The Company is developing projects under utility, commercial and industrial (C&I) and residential categories.
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