8point3 Energy Partners LP (NASDAQ:CAFD) released its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. 8point3 Energy Partners had a net margin of 138.38% and a return on equity of 1.67%.

8point3 Energy Partners (NASDAQ:CAFD) traded up 3.83% during trading on Tuesday, hitting $15.45. 253,413 shares of the company’s stock traded hands. 8point3 Energy Partners has a 12 month low of $10.26 and a 12 month high of $17.34. The stock has a market cap of $309.22 million, a P/E ratio of 15.13 and a beta of 1.24. The company’s 50 day moving average is $15.81 and its 200-day moving average is $15.34.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.2406 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.96 annualized dividend and a dividend yield of 6.23%. This is a boost from 8point3 Energy Partners’s previous quarterly dividend of $0.23.

Several institutional investors have recently added to or reduced their stakes in CAFD. Guggenheim Capital LLC boosted its position in 8point3 Energy Partners by 8.9% in the second quarter. Guggenheim Capital LLC now owns 711,863 shares of the company’s stock worth $11,247,000 after buying an additional 58,460 shares during the last quarter. Raymond James & Associates boosted its position in 8point3 Energy Partners by 45.4% in the second quarter. Raymond James & Associates now owns 25,272 shares of the company’s stock worth $399,000 after buying an additional 7,890 shares during the last quarter. Baird Financial Group Inc. boosted its position in 8point3 Energy Partners by 1.5% in the second quarter. Baird Financial Group Inc. now owns 226,399 shares of the company’s stock worth $3,568,000 after buying an additional 3,262 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in 8point3 Energy Partners by 134.1% in the second quarter. Janney Montgomery Scott LLC now owns 105,520 shares of the company’s stock worth $1,668,000 after buying an additional 60,452 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in 8point3 Energy Partners by 110.7% in the second quarter. BlackRock Group LTD now owns 6,368 shares of the company’s stock worth $101,000 after buying an additional 3,346 shares during the last quarter. Hedge funds and other institutional investors own 68.78% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Co. assumed coverage on shares of 8point3 Energy Partners in a research report on Wednesday, June 1st. They set an “outperform” rating on the stock. Raymond James Financial Inc. reissued a “strong-buy” rating on shares of 8point3 Energy Partners in a research report on Thursday, June 30th. Zacks Investment Research raised shares of 8point3 Energy Partners from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, June 7th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of 8point3 Energy Partners in a research report on Thursday, June 30th. Finally, JPMorgan Chase & Co. raised shares of 8point3 Energy Partners from a “neutral” rating to an “overweight” rating in a research report on Monday, July 11th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. 8point3 Energy Partners has a consensus rating of “Buy” and an average price target of $18.43.

8point3 Energy Partners Company Profile

8point3 Energy Partners LP (8point3 Partners) is a limited partnership formed by First Solar and SunPower to own, operate and acquire solar energy generation projects. The Company’s portfolio includes utility projects, and commercial and industrial (C&I) projects. Its utility projects include MarylandSolar project, a 100% owned project located in Maryland; Solar Gen 2 project, a 49% owned project located in California; Lost Hills / Blackwell project, a 49% owned project located in California; North Star project, a 49% owned project located in California; RPU project, a 100% owned project located in California, and Quinto project, a 100% owned project located in California.

5 Day Chart for NASDAQ:CAFD

Receive News & Ratings for 8point3 Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 8point3 Energy Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.