Raymond James Financial Services Advisors Inc. boosted its holdings in Enviva Partners LP (NYSE:EVA) by 6.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,957 shares of the energy company’s stock after buying an additional 2,500 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.29% of Enviva Partners worth $1,240,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Roosevelt Investment Group Inc. boosted its stake in shares of Enviva Partners by 4.1% during the second quarter. Roosevelt Investment Group Inc. now owns 7,746 shares of the energy company’s stock valued at $213,000 after purchasing an additional 305 shares in the last quarter. UBS Group AG boosted its stake in shares of Enviva Partners by 3.2% during the first quarter. UBS Group AG now owns 9,784 shares of the energy company’s stock valued at $275,000 after purchasing an additional 302 shares in the last quarter. Bard Associates Inc. acquired a new stake in shares of Enviva Partners during the second quarter valued at about $321,000. Wells Fargo & Company MN boosted its stake in shares of Enviva Partners by 6.2% during the second quarter. Wells Fargo & Company MN now owns 21,692 shares of the energy company’s stock valued at $597,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Navellier & Associates Inc boosted its stake in shares of Enviva Partners by 2.8% during the second quarter. Navellier & Associates Inc now owns 22,764 shares of the energy company’s stock valued at $626,000 after purchasing an additional 610 shares in the last quarter.

Shares of Enviva Partners LP (NYSE EVA) traded up $0.35 on Friday, hitting $27.85. The stock had a trading volume of 64,000 shares, compared to its average volume of 77,142. Enviva Partners LP has a 52 week low of $24.60 and a 52 week high of $31.95. The company has a quick ratio of 1.03, a current ratio of 1.52 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $731.63 and a P/E ratio of 41.44.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 8.83%. This is an increase from Enviva Partners’s previous quarterly dividend of $0.57. The ex-dividend date was Tuesday, November 14th. Enviva Partners’s dividend payout ratio (DPR) is 1,640.00%.

A number of analysts have recently commented on EVA shares. Zacks Investment Research raised Enviva Partners from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Friday, November 3rd. Royal Bank Of Canada reissued a “buy” rating on shares of Enviva Partners in a research note on Tuesday, November 7th. TheStreet downgraded Enviva Partners from a “b-” rating to a “c” rating in a research report on Tuesday, November 14th. Citigroup upgraded Enviva Partners from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Friday, September 22nd. Finally, BidaskClub upgraded Enviva Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Enviva Partners has a consensus rating of “Buy” and an average price target of $33.33.

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Enviva Partners Company Profile

Enviva Partners, LP is a supplier of utility-grade wood pellets to power generators. The Company procures wood fiber and processes it into utility-grade wood pellets and loads the finished wood pellets into railcars, trucks and barges that are transported to deep-water marine terminals, where they are received, stored and loaded onto oceangoing vessels for transport to the Company’s principally Northern European customers.

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Institutional Ownership by Quarter for Enviva Partners (NYSE:EVA)

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