UBS Group AG increased its position in shares of 8point3 Energy Partners LP (NASDAQ:CAFD) by 16.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,438 shares of the energy company’s stock after buying an additional 2,630 shares during the period. UBS Group AG’s holdings in 8point3 Energy Partners were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Icon Advisers Inc. Co. boosted its position 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 last quarter. Evergreen Capital Management LLC boosted its position in shares of 8point3 Energy Partners by 104.5% in the first quarter. Evergreen Capital Management LLC now owns 565,790 shares of the energy company’s stock worth $7,678,000 after buying an additional 289,086 shares during the last quarter. Trillium Asset Management LLC boosted its position 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 last quarter. Baird Financial Group Inc. boosted its position in shares of 8point3 Energy Partners by 3.1% in the first quarter. Baird Financial Group Inc. now owns 339,554 shares of the energy company’s stock worth $4,608,000 after buying an additional 10,133 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of 8point3 Energy Partners by 131.5% in the fourth quarter. Renaissance Technologies LLC now owns 161,916 shares of the energy company’s stock worth $2,102,000 after buying an additional 91,971 shares during the last quarter. Institutional investors and hedge funds own 55.60% of the company’s stock.

8point3 Energy Partners LP (NASDAQ CAFD) traded up 0.56% on Friday, hitting $14.47. The stock had a trading volume of 82,419 shares. The stock has a market cap of $406.33 million, a PE ratio of 56.52 and a beta of 0.83. 8point3 Energy Partners LP has a 52-week low of $11.51 and a 52-week high of $17.23.

8point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings data on Thursday, June 29th. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate 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 business had revenue of $16.68 million for the quarter, compared to analysts’ expectations of $15.52 million. On average, analysts predict that 8point3 Energy Partners LP will post $0.85 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, July 6th were issued a dividend of $0.2642 per share. This represents a $1.06 annualized dividend and a dividend yield of 7.30%. The ex-dividend date was Monday, July 3rd. This is a positive change from 8point3 Energy Partners’s previous quarterly dividend of $0.26.

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A number of research analysts have issued reports on CAFD shares. Vetr upgraded 8point3 Energy Partners from a “sell” rating to a “hold” rating and set a $14.49 price objective for the company in a research note on Tuesday, June 27th. ValuEngine cut 8point3 Energy Partners from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC cut 8point3 Energy Partners from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $15.01 to $14.00 in a research note on Tuesday, June 27th. BidaskClub cut 8point3 Energy Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. cut 8point3 Energy Partners from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.20.

About 8point3 Energy Partners

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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Institutional Ownership by Quarter for 8point3 Energy Partners (NASDAQ:CAFD)

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