California Public Employees Retirement System decreased its stake in 8point3 Energy Partners LP (NASDAQ:CAFD) by 4.2% during the first quarter, Holdings Channel reports. The firm owned 62,100 shares of the energy company’s stock after selling 2,700 shares during the period. California Public Employees Retirement System’s holdings in 8point3 Energy Partners were worth $843,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Avenir Corp purchased a new position in 8point3 Energy Partners during the first quarter valued at $1,090,000. Victory Capital Management Inc. raised its position in 8point3 Energy Partners by 89.3% in the first quarter. Victory Capital Management Inc. now owns 45,423 shares of the energy company’s stock valued at $616,000 after buying an additional 21,434 shares in the last quarter. Clinton Group Inc. raised its position in 8point3 Energy Partners by 10.2% in the first quarter. Clinton Group Inc. now owns 38,206 shares of the energy company’s stock valued at $518,000 after buying an additional 3,548 shares in the last quarter. Evergreen Capital Management LLC raised its position in 8point3 Energy Partners by 104.5% in the first quarter. Evergreen Capital Management LLC now owns 565,790 shares of the energy company’s stock valued at $7,678,000 after buying an additional 289,086 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in 8point3 Energy Partners by 28.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 76,832 shares of the energy company’s stock valued at $1,043,000 after buying an additional 16,999 shares in the last quarter. 54.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of 8point3 Energy Partners LP (NASDAQ CAFD) traded up 0.35% on Wednesday, reaching $14.24. 18,830 shares of the company were exchanged. 8point3 Energy Partners LP has a 12-month low of $11.51 and a 12-month high of $16.20.

8point3 Energy Partners (NASDAQ:CAFD) last announced its quarterly earnings data on Thursday, June 29th. The energy company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by $0.03. The company had revenue of $16.68 million during the quarter, compared to the consensus estimate of $15.52 million. 8point3 Energy Partners had a return on equity of 1.94% and a net margin of 23.87%. Equities research analysts expect that 8point3 Energy Partners LP will post $0.85 earnings per share for the current year.

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Several research firms have recently weighed in on CAFD. Vetr lowered shares of 8point3 Energy Partners from a “hold” rating to a “sell” rating and set a $13.33 price objective on the stock. in a research note on Thursday, June 8th. Credit Suisse Group lowered their price objective on shares of 8point3 Energy Partners from $12.00 to $11.00 and set a “sell” rating on the stock in a research note on Tuesday, July 4th. Guggenheim lowered shares of 8point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Wednesday, June 14th. Janney Montgomery Scott lowered their price objective on shares of 8point3 Energy Partners from $20.00 to $13.50 and set a “hold” rating on the stock in a research note on Tuesday, July 4th. Finally, Zacks Investment Research lowered shares of 8point3 Energy Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $15.20.

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.

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Institutional Ownership by Quarter for 8point3 Energy Partners (NASDAQ:CAFD)

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