California Public Employees Retirement System Holds Position in 8point3 Energy Partners LP (CAFD)

California Public Employees Retirement System continued to hold its position in 8point3 Energy Partners LP (NASDAQ:CAFD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 62,100 shares of the energy company’s stock at the end of the second quarter. California Public Employees Retirement System owned approximately 0.22% of 8point3 Energy Partners worth $940,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of 8point3 Energy Partners by 14.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,376 shares of the energy company’s stock worth $142,000 after purchasing an additional 1,200 shares during the last quarter. Credit Suisse AG lifted its holdings in shares of 8point3 Energy Partners by 19.3% in the 1st quarter. Credit Suisse AG now owns 13,391 shares of the energy company’s stock worth $182,000 after purchasing an additional 2,168 shares during the last quarter. UBS Group AG lifted its holdings in shares of 8point3 Energy Partners by 16.6% in the 1st quarter. UBS Group AG now owns 18,438 shares of the energy company’s stock worth $250,000 after purchasing an additional 2,630 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of 8point3 Energy Partners by 49.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 10,065 shares of the energy company’s stock worth $152,000 after purchasing an additional 3,325 shares during the last quarter. Finally, GRT Capital Partners L.L.C. lifted its holdings in shares of 8point3 Energy Partners by 2.4% in the 2nd quarter. GRT Capital Partners L.L.C. now owns 149,318 shares of the energy company’s stock worth $2,259,000 after purchasing an additional 3,500 shares during the last quarter. 18.83% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on CAFD shares. TheStreet raised 8point3 Energy Partners from a “d” rating to a “b-” rating in a report on Wednesday, August 9th. BidaskClub raised 8point3 Energy Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Robert W. Baird reissued a “buy” rating and issued a $16.00 price target on shares of 8point3 Energy Partners in a report on Tuesday, September 12th. Zacks Investment Research raised 8point3 Energy Partners from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Finally, Roth Capital set a $15.00 price target on 8point3 Energy Partners and gave the stock a “hold” rating in a report on Wednesday, October 4th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.92.

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8point3 Energy Partners LP (NASDAQ:CAFD) opened at $15.23 on Tuesday. 8point3 Energy Partners LP has a 1 year low of $11.51 and a 1 year high of $15.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.26 and a current ratio of 3.26.

8point3 Energy Partners (NASDAQ:CAFD) last issued its quarterly earnings results on Wednesday, October 4th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.38). 8point3 Energy Partners had a net margin of 23.13% and a return on equity of 1.87%. The firm had revenue of $27.74 million for the quarter, compared to analyst estimates of $25.85 million. analysts anticipate that 8point3 Energy Partners LP will post 0.53 earnings per share for the current year.

About 8point3 Energy Partners

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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