Brokerages expect that 8Point3 Energy Partners LP (NASDAQ:CAFD) will post $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for 8Point3 Energy Partners’ earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.18. The firm is scheduled to report its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that 8Point3 Energy Partners will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.60. For the next fiscal year, analysts forecast that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.13 to $1.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover 8Point3 Energy Partners.

A number of analysts have issued reports on the company. B. Riley reissued a “neutral” rating on shares of 8Point3 Energy Partners in a research report on Wednesday, November 1st. BidaskClub lowered 8Point3 Energy Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. lowered 8Point3 Energy Partners from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 9th. Goldman Sachs Group downgraded shares of 8Point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Tuesday, October 17th. Finally, Oppenheimer restated a “hold” rating on shares of 8Point3 Energy Partners in a research note on Thursday, October 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.09.

Shares of 8Point3 Energy Partners (CAFD) traded down $0.08 during midday trading on Friday, reaching $15.07. The company’s stock had a trading volume of 119,675 shares, compared to its average volume of 180,518. The stock has a market capitalization of $1,190.00 and a price-to-earnings ratio of 35.05. The company has a current ratio of 3.26, a quick ratio of 3.26 and a debt-to-equity ratio of 0.83. 8Point3 Energy Partners has a 52 week low of $11.51 and a 52 week high of $15.92.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.2802 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.44%. This is an increase from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. 8Point3 Energy Partners’s payout ratio is presently 260.47%.

Several hedge funds have recently modified their holdings of CAFD. First Trust Advisors LP grew its stake in shares of 8Point3 Energy Partners by 16.6% during the second quarter. First Trust Advisors LP now owns 29,161 shares of the energy company’s stock worth $441,000 after purchasing an additional 4,141 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of 8Point3 Energy Partners by 8.1% during the second quarter. Victory Capital Management Inc. now owns 49,091 shares of the energy company’s stock worth $743,000 after purchasing an additional 3,668 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of 8Point3 Energy Partners by 1.8% during the second quarter. Ameriprise Financial Inc. now owns 732,630 shares of the energy company’s stock worth $11,085,000 after purchasing an additional 13,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 8Point3 Energy Partners by 4.8% during the second quarter. Vanguard Group Inc. now owns 123,041 shares of the energy company’s stock worth $1,862,000 after purchasing an additional 5,664 shares in the last quarter. Finally, Quentec Asset Management LLC grew its stake in shares of 8Point3 Energy Partners by 12.6% during the second quarter. Quentec Asset Management LLC now owns 1,965,458 shares of the energy company’s stock worth $29,737,000 after purchasing an additional 220,700 shares in the last quarter. Hedge funds and other institutional investors own 18.05% of the company’s stock.

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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.

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