Trillium Asset Management LLC lowered its stake in shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) by 34.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 240,229 shares of the energy company’s stock after selling 123,655 shares during the quarter. Trillium Asset Management LLC owned approximately 0.30% of 8Point3 Energy Partners worth $2,919,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in CAFD. SG Americas Securities LLC acquired a new position in 8Point3 Energy Partners during the 4th quarter worth $103,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of 8Point3 Energy Partners in the fourth quarter valued at $195,000. California Public Employees Retirement System lifted its holdings in shares of 8Point3 Energy Partners by 55.8% in the fourth quarter. California Public Employees Retirement System now owns 96,782 shares of the energy company’s stock valued at $1,472,000 after buying an additional 34,682 shares during the period. Boston Common Asset Management LLC lifted its holdings in shares of 8Point3 Energy Partners by 4.9% in the fourth quarter. Boston Common Asset Management LLC now owns 392,277 shares of the energy company’s stock valued at $5,967,000 after buying an additional 18,153 shares during the period. Finally, Ecofin Ltd. lifted its holdings in shares of 8Point3 Energy Partners by 8.0% in the fourth quarter. Ecofin Ltd. now owns 477,828 shares of the energy company’s stock valued at $7,268,000 after buying an additional 35,373 shares during the period. Institutional investors and hedge funds own 12.87% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. ValuEngine lowered 8Point3 Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. B. Riley set a $13.00 target price on 8Point3 Energy Partners and gave the stock a “hold” rating in a research report on Thursday, March 29th. BidaskClub raised 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Finally, Zacks Investment Research raised 8Point3 Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. Four equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. 8Point3 Energy Partners currently has a consensus rating of “Hold” and an average price target of $13.27.
8Point3 Energy Partners stock traded up $0.01 during trading hours on Thursday, hitting $12.43. The stock had a trading volume of 294,100 shares, compared to its average volume of 233,717. The company has a quick ratio of 5.20, a current ratio of 5.20 and a debt-to-equity ratio of 0.84. 8Point3 Energy Partners LP has a fifty-two week low of $11.69 and a fifty-two week high of $15.92.
8Point3 Energy Partners (NASDAQ:CAFD) last released its quarterly earnings results on Wednesday, March 28th. The energy company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.27. 8Point3 Energy Partners had a return on equity of 1.96% and a net margin of 28.84%. The firm had revenue of $10.87 million during the quarter, compared to analysts’ expectations of $11.17 million. equities research analysts forecast that 8Point3 Energy Partners LP will post 0.58 EPS for the current year.
8Point3 Energy Partners Profile
8point3 Energy Partners LP, together with its subsidiaries, acquires, owns, and operates solar energy generation projects in the United States. It owns interests in 10 utility-scale solar energy projects; and 4 commercial and industrial solar energy projects, as well as a portfolio of residential DG solar assets.
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