Robert W. Baird downgraded shares of 8Point3 Energy Partners (NASDAQ:CAFD) from an outperform rating to a neutral rating in a research report report published on Monday, MarketBeat reports. They currently have $16.00 target price on the energy company’s stock.

CAFD has been the topic of a number of other reports. JPMorgan Chase & Co. lowered 8Point3 Energy Partners from an overweight rating to a neutral rating in a report on Tuesday, January 9th. BidaskClub raised 8Point3 Energy Partners from a sell rating to a hold rating in a report on Tuesday, December 19th. B. Riley reaffirmed a neutral rating on shares of 8Point3 Energy Partners in a report on Wednesday, November 1st. Oppenheimer reaffirmed a hold rating on shares of 8Point3 Energy Partners in a report on Thursday, October 5th. Finally, Zacks Investment Research raised 8Point3 Energy Partners from a sell rating to a hold rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the stock. The company presently has a consensus rating of Hold and an average target price of $14.09.

8Point3 Energy Partners (NASDAQ CAFD) traded down $0.20 during trading hours on Monday, reaching $14.82. The company had a trading volume of 204,600 shares, compared to its average volume of 181,193. The firm has a market capitalization of $1,170.00 and a price-to-earnings ratio of 34.47. 8Point3 Energy Partners has a 1 year low of $11.51 and a 1 year high of $15.92. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a dividend of $0.2802 per share. This represents a $1.12 annualized dividend and a yield of 7.56%. The ex-dividend date was Friday, December 29th. This is a boost from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. 8Point3 Energy Partners’s payout ratio is 260.47%.

Large investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC purchased a new position in 8Point3 Energy Partners during the 3rd quarter valued at about $156,000. Bayesian Capital Management LP purchased a new position in 8Point3 Energy Partners during the 2nd quarter valued at about $165,000. Goldman Sachs Group Inc. purchased a new position in 8Point3 Energy Partners during the 2nd quarter valued at about $250,000. Ladenburg Thalmann Financial Services Inc. grew its stake in 8Point3 Energy Partners by 90.7% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,357 shares of the energy company’s stock valued at $351,000 after acquiring an additional 11,112 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in 8Point3 Energy Partners by 16.6% during the 2nd quarter. First Trust Advisors LP now owns 29,161 shares of the energy company’s stock valued at $441,000 after acquiring an additional 4,141 shares in the last quarter. 18.06% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for 8Point3 Energy Partners (NASDAQ:CAFD)

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