467,306 Shares of Energy Services of America Co. $ESOA Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of Energy Services of America Co. (NASDAQ:ESOA – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 467,306 shares of the company’s stock, valued at approximately $5,210,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Energy Services of America in the 2nd quarter worth approximately $16,172,000. Bank of New York Mellon Corp acquired a new stake in Energy Services of America in the second quarter valued at approximately $3,000,000. Renaissance Technologies LLC grew its position in Energy Services of America by 221.3% in the first quarter. Renaissance Technologies LLC now owns 217,500 shares of the company’s stock valued at $2,856,000 after acquiring an additional 149,800 shares in the last quarter. Raffles Associates LP purchased a new stake in shares of Energy Services of America during the second quarter valued at approximately $2,793,000. Finally, Bank of America Corp DE purchased a new stake in shares of Energy Services of America during the second quarter valued at approximately $2,364,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Energy Services of America Stock Up 2.4%

Shares of NASDAQ ESOA opened at $9.25 on Wednesday. Energy Services of America Co. has a 1 year low of $7.84 and a 1 year high of $19.94. The stock’s 50-day simple moving average is $10.60 and its 200-day simple moving average is $13.62.

Energy Services of America (NASDAQ:ESOA – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $130.01 million during the quarter, compared to analysts’ expectations of $112.65 million.

Energy Services of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Energy Services of America’s dividend payout ratio is presently 87.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ESOA shares. Wall Street Zen cut shares of Energy Services of America from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research upgraded shares of Energy Services of America to a “hold” rating in a research note on Tuesday, September 15th. Roth Capital initiated coverage on shares of Energy Services of America in a report on Thursday, September 24th. They set a “buy” rating and a $20.00 price target for the company. Finally, Weiss Ratings downgraded shares of Energy Services of America from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Read Our Latest Research Report on ESOA

About Energy Services of America

(Free Report)

Energy Services of America Corporation (NASDAQ: ESOA) is a Huntington, West Virginia-based holding company that provides construction, maintenance and related services for energy and infrastructure customers. Through its operating subsidiaries, the company serves the natural gas, oil, water, wastewater, electric utility and industrial markets.

The company’s services include the construction and repair of natural gas and petroleum pipelines, compressor and metering stations, utility distribution systems, water and sewer infrastructure, and other industrial facilities.

Recommended Stories

Want to see what other hedge funds are holding ESOA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Services of America Co. (NASDAQ:ESOA – Free Report).

Institutional Ownership by Quarter for Energy Services of America (NASDAQ:ESOA)

Receive News & Ratings for Energy Services of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Services of America and related companies with MarketBeat.com's FREE daily email newsletter.