8Point3 Energy Partners LP (CAFD) EPS Estimated At $0.65; South Jersey Industries (SJI) Had 3 Analysts Last Week

September 10, 2017 - By Vivian Currie

Analysts expect 8Point3 Energy Partners LP (NASDAQ:CAFD) to report $0.65 EPS on September, 19.They anticipate $0.27 EPS change or 71.05% from last quarter’s $0.38 EPS. CAFD’s profit would be $51.43 million giving it 5.64 P/E if the $0.65 EPS is correct. After having $0.12 EPS previously, 8Point3 Energy Partners LP’s analysts see 441.67% EPS growth. The stock increased 3.82% or $0.54 on September 8, reaching $14.66. About 711,601 shares traded or 335.59% up from the average. 8Point3 Energy Partners LP (NASDAQ:CAFD) has declined 9.79% since September 10, 2016 and is downtrending. It has underperformed by 26.49% the S&P500.

Among 6 analysts covering South Jersey Industries (NYSE:SJI), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. South Jersey Industries had 16 analyst reports since August 10, 2015 according to SRatingsIntel. Hilliard Lyons upgraded the stock to “Long-Term Buy” rating in Wednesday, March 15 report. The firm has “Equal-Weight” rating given on Thursday, September 8 by Morgan Stanley. The rating was upgraded by Hilliard Lyons on Thursday, August 31 to “Buy”. The stock of South Jersey Industries Inc (NYSE:SJI) has “Underperform” rating given on Monday, August 10 by Hilliard Lyons. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, August 10. The stock has “Hold” rating by Williams Capital Group on Wednesday, November 23. The rating was initiated by Guggenheim on Monday, May 16 with “Buy”. The rating was upgraded by Williams Capital Group to “Buy” on Monday, July 17. JP Morgan initiated the stock with “Neutral” rating in Tuesday, June 14 report. Guggenheim downgraded South Jersey Industries Inc (NYSE:SJI) on Monday, January 9 to “Neutral” rating. See South Jersey Industries Inc (NYSE:SJI) latest ratings:

31/08/2017 Broker: Hilliard Lyons Old Rating: Long-Term Buy New Rating: Buy Old Target: $40 Upgrade
10/08/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $38 New Target: $39 Maintain
08/08/2017 Broker: Janney Capital Old Rating: Neutral New Rating: Buy Upgrade
17/07/2017 Broker: Williams Capital Group Old Rating: Hold New Rating: Buy Upgrade
15/03/2017 Broker: Hilliard Lyons Old Rating: Neutral New Rating: Long-Term Buy New Target: $40.00 Upgrade

Among 15 analysts covering 8point3 Energy Partners LP (NASDAQ:CAFD), 6 have Buy rating, 3 Sell and 6 Hold. Therefore 40% are positive. 8point3 Energy Partners LP has $20 highest and $11 lowest target. $17.45’s average target is 19.03% above currents $14.66 stock price. 8point3 Energy Partners LP had 32 analyst reports since August 12, 2015 according to SRatingsIntel. Avondale downgraded 8Point3 Energy Partners LP (NASDAQ:CAFD) on Friday, January 27 to “Mkt Underperform” rating. Raymond James upgraded the shares of CAFD in report on Wednesday, August 12 to “Strong Buy” rating. The stock of 8Point3 Energy Partners LP (NASDAQ:CAFD) earned “Neutral” rating by Guggenheim on Thursday, June 15. The company was initiated on Friday, November 18 by Credit Suisse. The stock has “Buy” rating by Goldman Sachs on Wednesday, December 2. FBR Capital initiated the shares of CAFD in report on Tuesday, December 20 with “Outperform” rating. The rating was initiated by Guggenheim with “Neutral” on Wednesday, April 13. As per Thursday, January 12, the company rating was upgraded by Guggenheim. The firm has “Buy” rating given on Monday, September 28 by Deutsche Bank. UBS maintained the shares of CAFD in report on Wednesday, September 21 with “Sell” rating.

8point3 Energy Partners LP owns, operates and acquires solar energy generation projects. The company has market cap of $1.16 billion. As of November 30, 2016, Company’s portfolio comprised interests in 642 Megawatt of solar energy projects. It has a 22.77 P/E ratio. The Firm is developing projects under utility, commercial and industrial (C&I) and residential categories.

South Jersey Industries, Inc. is an energy services holding company. The company has market cap of $2.82 billion. The Firm provides a range of energy-related services and products, primarily through its subsidiaries. It has a 32.93 P/E ratio. The Company’s subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).

Investors sentiment increased to 1.34 in 2016 Q4. Its up 0.25, from 1.09 in 2016Q3. It improved, as 14 investors sold South Jersey Industries Inc shares while 65 reduced holdings. 28 funds opened positions while 59 raised stakes. 54.41 million shares or 0.48% more from 54.15 million shares in 2016Q3 were reported. Invesco holds 0.01% of its portfolio in South Jersey Industries Inc (NYSE:SJI) for 1.13 million shares. Aperio Ltd Liability Company invested in 0.01% or 28,240 shares. Duncker Streett And reported 1,220 shares. Old Republic Corp holds 0.59% or 485,000 shares in its portfolio. Jpmorgan Chase & holds 0% or 147,538 shares. Plante Moran Advisors Limited has invested 0% of its portfolio in South Jersey Industries Inc (NYSE:SJI). Pnc Financial accumulated 179,043 shares or 0.01% of the stock. State Board Of Administration Of Florida Retirement System holds 0% or 41,903 shares in its portfolio. Teachers Retirement Of The State Of Kentucky holds 0.03% of its portfolio in South Jersey Industries Inc (NYSE:SJI) for 68,957 shares. Clear Harbor Asset Management Ltd Liability Corp has 0.85% invested in South Jersey Industries Inc (NYSE:SJI). Moreover, Envestnet Asset Mngmt has 0% invested in South Jersey Industries Inc (NYSE:SJI). 7,200 were reported by Strs Ohio. New York State Teachers Retirement Systems invested in 179,072 shares. Silvercrest Asset Group Inc Limited accumulated 7,910 shares. Duff Phelps Invest Mngmt invested in 1.61 million shares.

The stock increased 1.44% or $0.5 on September 8, reaching $35.47. About 210,821 shares traded. South Jersey Industries Inc (NYSE:SJI) has risen 23.64% since September 10, 2016 and is uptrending. It has outperformed by 6.94% the S&P500.

Since April 3, 2017, it had 0 insider purchases, and 1 insider sale for $71,100 activity. On Monday, April 3 the insider Merritt-Epps Gina Marie sold $71,100.