8point3 Energy Partners LP (NASDAQ:CAFD) shares traded down 3.5% during mid-day trading on Tuesday . The stock traded as low as $16.23 and last traded at $16.24, with a volume of 73,879 shares. The stock had previously closed at $16.83.

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of 8point3 Energy Partners from a “neutral” rating to an “overweight” rating in a report on Monday, July 11th. Barclays PLC upgraded shares of 8point3 Energy Partners from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $14.00 to $18.00 in a report on Monday, July 11th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of 8point3 Energy Partners in a report on Thursday, June 30th. Raymond James Financial Inc. reiterated a “strong-buy” rating on shares of 8point3 Energy Partners in a report on Thursday, June 30th. Finally, Wells Fargo & Co. began coverage on 8point3 Energy Partners in a report on Wednesday, June 1st. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.43.

The company’s 50 day moving average price is $16.11 and its 200 day moving average price is $15.29. The stock has a market cap of $311.62 million and a price-to-earnings ratio of 15.25.

8point3 Energy Partners (NASDAQ:CAFD) last announced its quarterly earnings results on Wednesday, June 29th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.51. The firm earned $13.50 million during the quarter, compared to the consensus estimate of $11.60 million. Equities analysts expect that 8point3 Energy Partners LP will post $0.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Tuesday, July 5th were issued a dividend of $0.2325 per share. This is a positive change from 8point3 Energy Partners’s previous quarterly dividend of $0.22. This represents a $0.93 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend was Thursday, June 30th.

In related news, insider Charles D. Boynton acquired 1,714 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was bought at an average cost of $14.61 per share, with a total value of $25,041.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

An institutional investor recently raised its position in 8point3 Energy Partners stock. Kayne Anderson Capital Advisors LP increased its position in 8point3 Energy Partners LP (NASDAQ:CAFD) by 127.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 314,000 shares of the company’s stock after buying an additional 176,000 shares during the period. Kayne Anderson Capital Advisors LP owned about 1.57% of 8point3 Energy Partners worth $5,063,000 at the end of the most recent quarter.

8point3 Energy Partners LP (8point3 Partners) is a limited partnership formed by First Solar and SunPower to own, operate and acquire solar energy generation projects. The Company’s portfolio includes utility projects, and commercial and industrial (C&I) projects. Its utility projects include MarylandSolar project, a 100% owned project located in Maryland; Solar Gen 2 project, a 49% owned project located in California; Lost Hills / Blackwell project, a 49% owned project located in California; North Star project, a 49% owned project located in California; RPU project, a 100% owned project located in California, and Quinto project, a 100% owned project located in California.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.