TheStreet lowered shares of Enviva Partners, LP (NYSE:EVA) from a b- rating to a c rating in a research note issued to investors on Tuesday.

A number of other research analysts have also recently commented on the company. Royal Bank Of Canada restated a buy rating on shares of Enviva Partners, in a research note on Tuesday, November 7th. Citigroup Inc. upgraded Enviva Partners, from a neutral rating to a buy rating and set a $34.00 target price for the company in a research note on Friday, September 22nd. Zacks Investment Research cut Enviva Partners, from a hold rating to a sell rating in a research note on Tuesday, July 18th. Finally, BidaskClub upgraded Enviva Partners, from a hold rating to a buy rating in a research note on Saturday, August 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $33.33.

Enviva Partners, (EVA) opened at $28.45 on Tuesday. The company has a market capitalization of $402.83, a P/E ratio of 42.35 and a beta of 1.11. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.52 and a quick ratio of 1.03. Enviva Partners, has a one year low of $24.60 and a one year high of $31.95.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.615 per share. This is a boost from Enviva Partners,’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.46 dividend on an annualized basis and a yield of 8.65%. Enviva Partners,’s payout ratio is presently 6,151.54%.

A number of large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake 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 valued at $33,098,000 after buying an additional 55,476 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Enviva Partners, by 1.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 229,549 shares of the energy company’s stock worth $6,784,000 after purchasing an additional 2,500 shares in the last quarter. Ardsley Advisory Partners bought a new stake in shares of Enviva Partners, in the 2nd quarter worth $3,238,000. Tocqueville Asset Management L.P. increased its holdings in shares of Enviva Partners, by 26.6% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 102,300 shares of the energy company’s stock worth $3,023,000 after purchasing an additional 21,500 shares in the last quarter. Finally, Usca Ria LLC increased its holdings in shares of Enviva Partners, by 5.2% in the 2nd quarter. Usca Ria LLC now owns 70,485 shares of the energy company’s stock worth $1,938,000 after purchasing an additional 3,510 shares in the last quarter.

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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