Top 3 Stock Picks of Jeff Ubben’s Inclusive Capital

1. Enviva Partners, LP (NYSE:EVA)

Inclusive Capital’s Stake Value: $412,553,000

Percentage of Inclusive Capital’s 13F Portfolio: 42.57%

Number of Hedge Fund Holders: 17

Enviva Partners, LP (NYSE:EVA) 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. Enviva Partners, LP (NYSE:EVA) serves power generators in the United Kingdom, Europe, and Japan. In its 2021 CSR report, Evinva Partners, LP (NYSE:EVA) announced that it plans to achieve net-zero greenhouse gas emissions from its operations by 2030. As of July 22, the stock has surged by 17.32% over the past twelve months and has a forward dividend yield of 5.62%.

On June 23, Enviva Partners, LP (NYSE:EVA) disclosed in a regulatory filing that John Keppler, the company’s CEO, purchased 16,400 shares of common stock for roughly $1 million.

On July 19, JPMorgan analyst Mark Strouse raised his price target on Enviva Partners, LP (NYSE:EVA) to $71 from $70 and reiterated a Neutral rating on the shares.

In the first quarter of 2022, Inclusive Capital initiated a position in Enviva Partners, LP (NYSE:EVA) and purchased over 5.2 million shares of the company. The fund’s stakes are valued at $412.55 million, which covers 42.57% of Jeff Ubben’s 13F portfolio.

At the close of Q1 2022, 17 hedge funds were eager on Enviva Partners, LP (NYSE:EVA) and disclosed stakes worth $521.11 million in the company. This is compared to 5 positions a quarter ago with stakes worth $423.05 million. The hedge fund sentiment for the stock is positive.

You can also take a look at Top 10 ESG Stocks To Buy and 10 ESG Dividend Stocks to Buy.

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