Deutsche Bank AG lifted its stake in Enviva Partners LP (NYSE:EVA) by 155.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,826 shares of the energy company’s stock after acquiring an additional 108,926 shares during the period. Deutsche Bank AG’s holdings in Enviva Partners were worth $4,944,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in shares of Enviva Partners in the fourth quarter valued at about $220,000. California Public Employees Retirement System lifted its stake in shares of Enviva Partners by 13.6% in the third quarter. California Public Employees Retirement System now owns 31,007 shares of the energy company’s stock valued at $916,000 after buying an additional 3,707 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Enviva Partners by 15.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 48,377 shares of the energy company’s stock valued at $1,338,000 after buying an additional 6,420 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Enviva Partners by 67.0% in the fourth quarter. Renaissance Technologies LLC now owns 116,722 shares of the energy company’s stock valued at $3,227,000 after buying an additional 46,822 shares during the period. Finally, Kayne Anderson Capital Advisors LP lifted its stake in shares of Enviva Partners by 2,276.5% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 202,000 shares of the energy company’s stock valued at $5,582,000 after buying an additional 193,500 shares during the period.
Several research firms recently weighed in on EVA. Zacks Investment Research cut shares of Enviva Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. TheStreet upgraded shares of Enviva Partners from a “c” rating to a “b” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine cut shares of Enviva Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $32.33.
Enviva Partners (NYSE:EVA) last released its earnings results on Thursday, February 22nd. The energy company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.11). Enviva Partners had a net margin of 3.80% and a return on equity of 7.65%. The company had revenue of $161.01 million during the quarter, compared to the consensus estimate of $136.60 million. sell-side analysts anticipate that Enviva Partners LP will post 1.61 earnings per share for the current year.
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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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