K.J. Harrison & Partners Inc cut its position in Enviva Partners, LP (NYSE:EVA) by 46.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,500 shares of the energy company’s stock after selling 31,200 shares during the period. K.J. Harrison & Partners Inc owned 0.14% of Enviva Partners, worth $1,004,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of EVA. Cypress Capital Management LLC WY raised its stake in Enviva Partners, by 13.1% in the first quarter. Cypress Capital Management LLC WY now owns 5,195 shares of the energy company’s stock worth $146,000 after buying an additional 600 shares during the last quarter. Winslow Evans & Crocker Inc. raised its stake in Enviva Partners, by 28.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 5,825 shares of the energy company’s stock worth $161,000 after buying an additional 1,275 shares during the last quarter. Roosevelt Investment Group Inc. acquired a new stake in Enviva Partners, during the first quarter worth approximately $209,000. UBS Group AG raised its stake in Enviva Partners, by 3.2% in the first quarter. UBS Group AG now owns 9,784 shares of the energy company’s stock worth $275,000 after buying an additional 302 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Enviva Partners, by 13.8% in the first quarter. Wells Fargo & Company MN now owns 20,419 shares of the energy company’s stock worth $574,000 after buying an additional 2,481 shares during the last quarter.
Shares of Enviva Partners, LP (NYSE:EVA) traded up 0.34% during mid-day trading on Wednesday, hitting $29.75. The company had a trading volume of 22,840 shares. The company has a market capitalization of $782.90 million, a price-to-earnings ratio of 33.73 and a beta of 1.18. The company has a 50-day moving average price of $28.11 and a 200-day moving average price of $28.00. Enviva Partners, LP has a 1-year low of $22.82 and a 1-year high of $30.60.
Enviva Partners, (NYSE:EVA) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.22. The firm had revenue of $126.90 million during the quarter, compared to analysts’ expectations of $142.08 million. Enviva Partners, had a return on equity of 8.49% and a net margin of 2.38%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.47 EPS. On average, equities analysts anticipate that Enviva Partners, LP will post $1.12 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.57 per share. This is an increase from Enviva Partners,’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 7.69%. The ex-dividend date is Friday, August 11th. Enviva Partners,’s dividend payout ratio (DPR) is currently 634.30%.
A number of research firms have commented on EVA. BidaskClub raised Enviva Partners, from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research lowered Enviva Partners, from a “hold” rating to a “strong sell” rating in a report on Monday. Royal Bank Of Canada reissued a “buy” rating and issued a $33.00 target price on shares of Enviva Partners, in a report on Tuesday, June 20th. Finally, TheStreet raised Enviva Partners, from a “c” rating to a “b-” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Enviva Partners, has an average rating of “Buy” and a consensus price target of $29.00.
In related news, Director William K. Reilly purchased 5,500 shares of the business’s stock in a transaction on Friday, June 16th. The shares were bought at an average cost of $27.68 per share, with a total value of $152,240.00. Following the transaction, the director now owns 23,598 shares of the company’s stock, valued at $653,192.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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