Koss Olinger Consulting LLC Invests $503,000 in Energy Services of America Co. (NASDAQ:ESOA)

Koss Olinger Consulting LLC acquired a new position in Energy Services of America Co. (NASDAQ:ESOA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,220 shares of the company’s stock, valued at approximately $503,000.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new stake in Energy Services of America during the fourth quarter worth $111,000. Tower Research Capital LLC TRC acquired a new stake in Energy Services of America during the fourth quarter worth $112,000. Occudo Quantitative Strategies LP acquired a new stake in Energy Services of America during the fourth quarter worth $127,000. Victory Capital Management Inc. bought a new position in shares of Energy Services of America during the first quarter valued at $124,000. Finally, State of Wyoming bought a new position in shares of Energy Services of America during the fourth quarter valued at $179,000. Institutional investors and hedge funds own 2.13% of the company’s stock.

Energy Services of America Price Performance

Shares of NASDAQ ESOA opened at $9.54 on Friday. The business has a fifty day moving average of $10.26 and a two-hundred day moving average of $9.97. Energy Services of America Co. has a 52-week low of $6.60 and a 52-week high of $19.83.

Energy Services of America (NASDAQ:ESOA) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.41) earnings per share (EPS) 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 the consensus estimate of $80.00 million.

Energy Services of America Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 15th. Investors of record on Thursday, July 3rd were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. Energy Services of America’s payout ratio is currently 65.57%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ESOA. Lake Street Capital began coverage on Energy Services of America in a report on Monday, May 19th. They set a “buy” rating and a $21.00 price objective for the company. Wall Street Zen cut Energy Services of America from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

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.