8Point3 Energy Partners (NASDAQ:CAFD) is set to issue its quarterly earnings data after the market closes on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

8Point3 Energy Partners (NASDAQ:CAFD) opened at $15.15 on Wednesday. The company has a quick ratio of 3.26, a current ratio of 3.26 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1,200.00 and a PE ratio of 35.23. 8Point3 Energy Partners has a twelve month low of $11.51 and a twelve month high of $15.92.

The company also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were issued a $0.2802 dividend. The ex-dividend date was Friday, December 29th. This is a boost from 8Point3 Energy Partners’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 7.40%. 8Point3 Energy Partners’s payout ratio is 260.47%.

A hedge fund recently raised its stake in 8Point3 Energy Partners stock. Vanguard Group Inc. increased its stake in shares of 8Point3 Energy Partners LP (NASDAQ:CAFD) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,041 shares of the energy company’s stock after purchasing an additional 5,664 shares during the period. Vanguard Group Inc. owned approximately 0.44% of 8Point3 Energy Partners worth $1,862,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 18.05% of the company’s stock.

CAFD has been the subject of several recent analyst reports. FBR & Co reaffirmed a “neutral” rating and issued a $15.00 target price (up from $14.00) on shares of 8Point3 Energy Partners in a report on Wednesday, October 4th. Bank of America set a $16.00 target price on shares of 8Point3 Energy Partners and gave the stock a “hold” rating in a report on Thursday, October 5th. Oppenheimer reaffirmed a “hold” rating on shares of 8Point3 Energy Partners in a report on Thursday, October 5th. Roth Capital set a $15.00 target price on shares of 8Point3 Energy Partners and gave the stock a “hold” rating in a report on Wednesday, October 4th. Finally, Goldman Sachs Group cut shares of 8Point3 Energy Partners from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Tuesday, October 17th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. 8Point3 Energy Partners presently has an average rating of “Hold” and an average price target of $14.09.

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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.

Earnings History for 8Point3 Energy Partners (NASDAQ:CAFD)

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