Bayesian Capital Management LP purchased a new position in 8point3 Energy Partners LP (NASDAQ:CAFD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,900 shares of the energy company’s stock, valued at approximately $165,000.

A number of other hedge funds have also modified their holdings of the business. Quentec Asset Management LLC increased its stake in 8point3 Energy Partners by 12.6% in the 2nd quarter. Quentec Asset Management LLC now owns 1,965,458 shares of the energy company’s stock worth $29,737,000 after buying an additional 220,700 shares in the last quarter. Vanguard Group Inc. grew its position 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 valued at $1,862,000 after purchasing an additional 5,664 shares in the last quarter. Ameriprise Financial Inc. grew its position 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 valued at $11,085,000 after purchasing an additional 13,000 shares in the last quarter. GRT Capital Partners L.L.C. grew its position in shares of 8point3 Energy Partners by 2.4% during the second quarter. GRT Capital Partners L.L.C. now owns 149,318 shares of the energy company’s stock valued at $2,259,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position 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 valued at $743,000 after purchasing an additional 3,668 shares in the last quarter. Institutional investors and hedge funds own 19.66% of the company’s stock.

CAFD has been the subject of a number of research analyst reports. BidaskClub upgraded 8point3 Energy Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. TheStreet upgraded 8point3 Energy Partners from a “d” rating to a “b-” rating in a research report on Wednesday, August 9th. Vetr upgraded 8point3 Energy Partners from a “sell” rating to a “hold” rating and set a $14.49 price objective for the company in a research report on Tuesday, June 27th. FBR & Co restated a “hold” rating on shares of 8point3 Energy Partners in a research report on Wednesday. Finally, Barclays PLC lowered 8point3 Energy Partners from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $15.01 to $14.00 in a research report on Tuesday, June 27th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.73.

8point3 Energy Partners LP (NASDAQ:CAFD) opened at 15.02 on Thursday. The company has a 50-day moving average price of $14.64 and a 200 day moving average price of $14.64. 8point3 Energy Partners LP has a 52-week low of $12.04 and a 52-week high of $15.69.

8point3 Energy Partners (NASDAQ:CAFD) last released its quarterly earnings results on Wednesday, October 4th. The energy company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.38). 8point3 Energy Partners had a return on equity of 1.94% and a net margin of 23.87%. The company had revenue of $27.74 million for the quarter, compared to analyst estimates of $25.85 million. Equities analysts expect that 8point3 Energy Partners LP will post $0.86 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Tuesday, October 3rd will be given a dividend of $0.2721 per share. This represents a $1.09 annualized dividend and a dividend yield of 7.25%. The ex-dividend date of this dividend is Monday, October 2nd. This is an increase from 8point3 Energy Partners’s previous quarterly dividend of $0.26.

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8point3 Energy Partners 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.

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

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