Enviva Partners LP (NYSE:EVA) is Carlyle Group L.P.’s 3rd Largest Position

Carlyle Group L.P. boosted its stake in shares of Enviva Partners LP (NYSE:EVA) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,155,725 shares of the energy company’s stock after acquiring an additional 30,860 shares during the quarter. Enviva Partners makes up approximately 17.3% of Carlyle Group L.P.’s holdings, making the stock its 3rd biggest holding. Carlyle Group L.P. owned about 41.98% of Enviva Partners worth $359,772,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Paragon Capital Management LLC bought a new position in shares of Enviva Partners in the 1st quarter valued at about $32,000. Enterprise Financial Services Corp acquired a new stake in shares of Enviva Partners in the 1st quarter valued at approximately $42,000. Advisor Group Inc. raised its position in shares of Enviva Partners by 855.0% in the 4th quarter. Advisor Group Inc. now owns 1,910 shares of the energy company’s stock valued at $53,000 after acquiring an additional 1,710 shares during the period. Barclays PLC acquired a new stake in shares of Enviva Partners in the 4th quarter valued at approximately $81,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Enviva Partners in the 4th quarter valued at approximately $211,000. 93.92% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on EVA. Goldman Sachs Group upgraded shares of Enviva Partners from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $32.00 to $37.00 in a report on Monday, June 24th. Zacks Investment Research cut shares of Enviva Partners from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $37.00.

In related news, Director Holdings Lp Enviva bought 1,681,237 shares of Enviva Partners stock in a transaction that occurred on Tuesday, April 2nd. The shares were acquired at an average cost of $29.74 per share, for a total transaction of $49,999,988.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE EVA traded down $0.20 during trading on Monday, hitting $31.22. 62,600 shares of the company’s stock were exchanged, compared to its average volume of 56,932. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.09 and a current ratio of 1.25. The stock has a market capitalization of $1.05 billion, a P/E ratio of 43.80 and a beta of 0.90. Enviva Partners LP has a fifty-two week low of $25.40 and a fifty-two week high of $33.48. The firm’s 50 day moving average price is $30.97.

Enviva Partners (NYSE:EVA) last released its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.54). The firm had revenue of $158.37 million for the quarter. Enviva Partners had a return on equity of 13.28% and a net margin of 2.88%. On average, equities analysts predict that Enviva Partners LP will post 0.52 earnings per share for the current year.

About Enviva Partners

Enviva Partners, LP produces and supplies utility-grade wood pellets. It serves utilities and large-scale power generators in the United Kingdom and other European markets. Enviva Partners GP, LLC operates as the general partner of the company. Enviva Partners, LP was founded in 2013 and is based in Bethesda, Maryland.

Further Reading: What are retained earnings?

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

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