Raymond James Financial reissued their market perform rating on shares of 8Point3 Energy Partners (NASDAQ:CAFD) in a research note released on Tuesday morning, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on CAFD. Goldman Sachs Group cut 8Point3 Energy Partners from a buy rating to a neutral rating and set a $16.00 price target on the stock. in a research report on Tuesday, October 17th. Zacks Investment Research cut shares of 8Point3 Energy Partners from a hold rating to a sell rating in a research report on Tuesday, October 17th. Robert W. Baird restated a buy rating and issued a $16.00 price objective on shares of 8Point3 Energy Partners in a research report on Friday, October 20th. Bank of America began coverage on shares of 8Point3 Energy Partners in a research report on Tuesday, October 24th. They issued an underperform rating and a $12.00 price objective on the stock. Finally, B. Riley restated a neutral rating on shares of 8Point3 Energy Partners in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. 8Point3 Energy Partners presently has an average rating of Hold and an average target price of $13.45.

Shares of 8Point3 Energy Partners (NASDAQ:CAFD) opened at $12.35 on Tuesday. 8Point3 Energy Partners has a 52-week low of $11.51 and a 52-week high of $15.92. The firm has a market capitalization of $976.70 and a PE ratio of 47.50. The company has a current ratio of 4.72, a quick ratio of 3.26 and a debt-to-equity ratio of 0.82.

The company also recently announced 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 represents a $1.12 annualized dividend and a yield of 9.08%. This is a positive change from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. 8Point3 Energy Partners’s dividend payout ratio is currently 430.77%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in 8Point3 Energy Partners by 58.9% in the fourth quarter. BlackRock Inc. now owns 29,170 shares of the energy company’s stock worth $444,000 after buying an additional 10,807 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in 8Point3 Energy Partners by 14.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 182,784 shares of the energy company’s stock worth $2,780,000 after buying an additional 22,713 shares in the last quarter. Global X Management Co. LLC boosted its stake in 8Point3 Energy Partners by 30.4% in the fourth quarter. Global X Management Co. LLC now owns 25,762 shares of the energy company’s stock worth $392,000 after buying an additional 6,001 shares in the last quarter. Ecofin Ltd. boosted its stake in 8Point3 Energy Partners by 8.0% in the fourth quarter. Ecofin Ltd. now owns 477,828 shares of the energy company’s stock worth $7,268,000 after buying an additional 35,373 shares in the last quarter. Finally, Boston Common Asset Management LLC boosted its stake in 8Point3 Energy Partners by 4.9% in the fourth quarter. Boston Common Asset Management LLC now owns 392,277 shares of the energy company’s stock worth $5,967,000 after buying an additional 18,153 shares in the last quarter. 17.41% of the stock is owned by institutional investors and hedge funds.

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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.

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

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