Guggenheim reaffirmed their hold rating on shares of 8Point3 Energy Partners (NASDAQ:CAFD) in a report published on Tuesday. Guggenheim currently has a $12.00 target price on the energy company’s stock.

CAFD has been the topic of several other reports. JPMorgan Chase & Co. lowered shares of 8Point3 Energy Partners from an overweight rating to a neutral rating in a research note on Tuesday, January 9th. BidaskClub upgraded shares of 8Point3 Energy Partners from a sell rating to a hold rating in a research note on Tuesday, December 19th. B. Riley restated a neutral rating on shares of 8Point3 Energy Partners in a research note on Wednesday, November 1st. Robert W. Baird lowered shares of 8Point3 Energy Partners from an outperform rating to a neutral rating and set a $16.00 price objective on the stock. in a research note on Monday, January 22nd. Finally, Raymond James Financial restated a market perform rating on shares of 8Point3 Energy Partners in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $13.45.

Shares of 8Point3 Energy Partners (CAFD) opened at $12.35 on Tuesday. 8Point3 Energy Partners has a one year low of $11.51 and a one year high of $15.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.26 and a current ratio of 4.72. The company has a market cap of $976.70 and a price-to-earnings ratio of 47.50.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.2802 dividend. The ex-dividend date of this dividend was Friday, December 29th. This is a positive change from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 9.08%. 8Point3 Energy Partners’s payout ratio is currently 430.77%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAFD. Quentec Asset Management LLC increased its stake in 8Point3 Energy Partners by 15.1% in the third quarter. Quentec Asset Management LLC now owns 2,263,160 shares of the energy company’s stock valued at $34,015,000 after purchasing an additional 297,702 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of 8Point3 Energy Partners by 102.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 155,754 shares of the energy company’s stock worth $2,357,000 after acquiring an additional 78,922 shares during the period. Ecofin Ltd. increased its stake in shares of 8Point3 Energy Partners by 8.0% during the fourth quarter. Ecofin Ltd. now owns 477,828 shares of the energy company’s stock worth $7,268,000 after acquiring an additional 35,373 shares during the period. California Public Employees Retirement System increased its stake in shares of 8Point3 Energy Partners by 55.8% during the fourth quarter. California Public Employees Retirement System now owns 96,782 shares of the energy company’s stock worth $1,472,000 after acquiring an additional 34,682 shares during the period. Finally, Wealthsource Partners LLC increased its stake in shares of 8Point3 Energy Partners by 217.2% during the second quarter. Wealthsource Partners LLC now owns 40,125 shares of the energy company’s stock worth $607,000 after acquiring an additional 27,475 shares during the period. Institutional investors own 17.41% of the company’s stock.

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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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