Shares of Enviva Partners LP (NYSE:EVA) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.00.

EVA has been the topic of a number of research reports. TheStreet lowered Enviva Partners from a “b-” rating to a “c” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised Enviva Partners from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Friday, November 3rd. Citigroup raised Enviva Partners from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Friday, September 22nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Enviva Partners in a research report on Tuesday, November 7th.

Enviva Partners (NYSE EVA) opened at $27.50 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.03 and a debt-to-equity ratio of 1.22. Enviva Partners has a 12-month low of $24.60 and a 12-month high of $31.95. The firm has a market capitalization of $397.06, a P/E ratio of 41.74 and a beta of 1.09.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were issued a dividend of $0.615 per share. The ex-dividend date was Tuesday, November 14th. This represents a $2.46 annualized dividend and a yield of 8.95%. This is an increase from Enviva Partners’s previous quarterly dividend of $0.57. Enviva Partners’s dividend payout ratio is 6,151.54%.

Institutional investors have recently made changes to their positions in the stock. Baldwin Investment Management LLC grew its holdings in Enviva Partners by 2.9% during the second quarter. Baldwin Investment Management LLC now owns 39,200 shares of the energy company’s stock worth $1,078,000 after buying an additional 1,100 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Enviva Partners by 4.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,203,547 shares of the energy company’s stock worth $33,098,000 after buying an additional 55,476 shares in the last quarter. Tocqueville Asset Management L.P. grew its holdings in Enviva Partners by 26.6% during the third quarter. Tocqueville Asset Management L.P. now owns 102,300 shares of the energy company’s stock worth $3,023,000 after buying an additional 21,500 shares in the last quarter. Ardsley Advisory Partners bought a new stake in Enviva Partners during the second quarter worth $3,238,000. Finally, HITE Hedge Asset Management LLC grew its holdings in Enviva Partners by 81.6% during the second quarter. HITE Hedge Asset Management LLC now owns 46,583 shares of the energy company’s stock worth $1,281,000 after buying an additional 20,927 shares in the last quarter.

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About Enviva Partners

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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