Cushing Asset Management LP grew its position in shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) by 415.9% in the fourth quarter, HoldingsChannel reports. The firm owned 263,500 shares of the energy company’s stock after purchasing an additional 212,422 shares during the period. Cushing Asset Management LP’s holdings in 8Point3 Energy Partners were worth $4,008,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CAFD. Quentec Asset Management LLC grew its position 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 worth $34,015,000 after acquiring an additional 297,702 shares in the last quarter. Lansdowne Partners UK LLP grew its position in 8Point3 Energy Partners by 65.1% in the fourth quarter. Lansdowne Partners UK LLP now owns 685,838 shares of the energy company’s stock worth $10,432,000 after acquiring an additional 270,426 shares in the last quarter. Guggenheim Capital LLC grew its position in 8Point3 Energy Partners by 15.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,178,312 shares of the energy company’s stock worth $17,922,000 after acquiring an additional 159,518 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in 8Point3 Energy Partners by 509.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 142,263 shares of the energy company’s stock worth $2,163,000 after acquiring an additional 118,906 shares in the last quarter. Finally, Ecofin Ltd. grew its position 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 acquiring an additional 35,373 shares in the last quarter. Institutional investors own 17.53% of the company’s stock.

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Shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) opened at $12.05 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.72 and a quick ratio of 4.72. 8Point3 Energy Partners LP has a one year low of $11.51 and a one year high of $15.92.

Several research analysts recently issued reports on CAFD shares. BidaskClub upgraded shares of 8Point3 Energy Partners from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a research report on Monday. Guggenheim reiterated a “hold” rating and issued a $12.00 target price on shares of 8Point3 Energy Partners in a research report on Tuesday, February 6th. Robert W. Baird cut their target price on shares of 8Point3 Energy Partners from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, February 6th. Finally, Oppenheimer reiterated a “hold” rating on shares of 8Point3 Energy Partners in a research report on Monday, February 5th. Four investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company’s stock. 8Point3 Energy Partners presently has a consensus rating of “Hold” and an average target price of $13.45.

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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.

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Institutional Ownership by Quarter for 8Point3 Energy Partners (NASDAQ:CAFD)

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