Cwm LLC Purchases 552 Shares of Enviva Inc. (NYSE:EVA)

Cwm LLC increased its position in shares of Enviva Inc. (NYSE:EVAGet Rating) by 178.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 862 shares of the energy company’s stock after acquiring an additional 552 shares during the quarter. Cwm LLC’s holdings in Enviva were worth $52,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EVA. Wedbush Securities Inc. purchased a new stake in Enviva in the second quarter valued at about $2,291,000. Good Life Advisors LLC acquired a new stake in Enviva in the 2nd quarter worth approximately $437,000. Bard Associates Inc. grew its position in Enviva by 2.6% during the 2nd quarter. Bard Associates Inc. now owns 52,485 shares of the energy company’s stock worth $3,003,000 after purchasing an additional 1,350 shares during the last quarter. Baird Financial Group Inc. increased its stake in Enviva by 325.4% during the 2nd quarter. Baird Financial Group Inc. now owns 27,653 shares of the energy company’s stock valued at $1,582,000 after purchasing an additional 21,153 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in shares of Enviva by 5.2% in the second quarter. CWA Asset Management Group LLC now owns 3,544 shares of the energy company’s stock worth $203,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Enviva to a “sell” rating in a report on Thursday, December 22nd. Citigroup upgraded Enviva from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $79.00 to $62.00 in a research note on Friday, October 14th. Royal Bank of Canada dropped their target price on Enviva from $76.00 to $63.00 in a research report on Tuesday, November 29th. Raymond James raised shares of Enviva from an “outperform” rating to a “strong-buy” rating and set a $80.00 price target for the company in a research report on Tuesday, October 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Enviva from $66.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, October 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

Insider Buying and Selling at Enviva

In other Enviva news, Director Jeffrey W. Ubben bought 28,697 shares of Enviva stock in a transaction dated Wednesday, November 30th. The stock was acquired at an average cost of $53.25 per share, with a total value of $1,528,115.25. Following the purchase, the director now directly owns 5,542,439 shares in the company, valued at approximately $295,134,876.75. The acquisition was disclosed in a filing with the SEC, which is available at this link. In related news, Director Jeffrey W. Ubben bought 28,697 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were acquired at an average price of $53.25 per share, for a total transaction of $1,528,115.25. Following the completion of the transaction, the director now directly owns 5,542,439 shares in the company, valued at $295,134,876.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben bought 200,000 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were bought at an average cost of $55.00 per share, with a total value of $11,000,000.00. Following the purchase, the director now directly owns 5,742,439 shares of the company’s stock, valued at $315,834,145. The disclosure for this purchase can be found here. 13.30% of the stock is owned by corporate insiders.

Enviva Price Performance

Shares of NYSE EVA opened at $44.29 on Friday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.09 and a quick ratio of 0.69. The company’s fifty day moving average price is $54.28 and its 200 day moving average price is $60.86. Enviva Inc. has a 1 year low of $43.60 and a 1 year high of $91.06.

Enviva (NYSE:EVAGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The energy company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.16). Enviva had a negative return on equity of 23.46% and a negative net margin of 13.06%. The firm had revenue of $325.66 million during the quarter, compared to analyst estimates of $356.93 million. Equities analysts forecast that Enviva Inc. will post 0.17 earnings per share for the current fiscal year.

Enviva Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Monday, November 14th were given a dividend of $0.905 per share. The ex-dividend date was Thursday, November 10th. This represents a $3.62 dividend on an annualized basis and a yield of 8.17%.

About Enviva

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Enviva Inc produces and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, Europe, and Japan. The company was formerly known as Enviva Partners, LP. Enviva Inc was incorporated in 2013 and is headquartered in Bethesda, Maryland.

Further Reading

Institutional Ownership by Quarter for Enviva (NYSE:EVA)

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