City Holding Co. Sells 2,500 Shares of Energy Services of America Co. (NASDAQ:ESOA)

City Holding Co. trimmed its position in shares of Energy Services of America Co. (NASDAQ:ESOA) by 19.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,409 shares of the company’s stock after selling 2,500 shares during the quarter. City Holding Co.’s holdings in Energy Services of America were worth $98,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ESOA. Truffle Hound Capital LLC acquired a new stake in shares of Energy Services of America during the fourth quarter valued at about $5,048,000. Huntington National Bank boosted its stake in shares of Energy Services of America by 80.1% during the fourth quarter. Huntington National Bank now owns 678,588 shares of the company’s stock valued at $8,564,000 after purchasing an additional 301,800 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of Energy Services of America by 950.6% during the fourth quarter. Susquehanna International Group LLP now owns 184,326 shares of the company’s stock valued at $2,326,000 after purchasing an additional 166,781 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Energy Services of America during the fourth quarter valued at about $1,347,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Energy Services of America during the fourth quarter valued at about $1,318,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ESOA shares. Wall Street Zen lowered Energy Services of America from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Lake Street Capital assumed coverage on Energy Services of America in a research note on Monday, May 19th. They issued a “buy” rating and a $21.00 price objective on the stock.

Energy Services of America Stock Up 4.9%

Energy Services of America stock opened at $11.54 on Tuesday. The stock’s 50 day moving average is $9.35 and its 200 day moving average is $11.18. Energy Services of America Co. has a one year low of $6.50 and a one year high of $19.83.

Energy Services of America (NASDAQ:ESOA) last issued its earnings results on Monday, May 12th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.51). The business had revenue of $76.68 million during the quarter, compared to analyst estimates of $80.00 million.

Energy Services of America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.03 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 1.04%. Energy Services of America’s payout ratio is currently 65.57%.

About Energy Services of America

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.