Vise Technologies Inc. Purchases New Holdings in Energy Services of America Co. $ESOA

Vise Technologies Inc. purchased a new position in shares of Energy Services of America Co. (NASDAQ:ESOA) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 467,306 shares of the company’s stock, valued at approximately $5,210,000.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Energy Services of America during the 2nd quarter valued at $16,172,000. Globeflex Capital L P acquired a new stake in shares of Energy Services of America during the 2nd quarter worth $1,059,000. Walleye Capital LLC purchased a new position in shares of Energy Services of America in the 1st quarter worth $922,000. Renaissance Technologies LLC raised its position in shares of Energy Services of America by 221.3% in the 1st quarter. Renaissance Technologies LLC now owns 217,500 shares of the company’s stock worth $2,856,000 after buying an additional 149,800 shares during the period. Finally, Sei Investments Co. purchased a new position in shares of Energy Services of America in the 1st quarter worth $1,144,000. Institutional investors and hedge funds own 2.13% of the company’s stock.

Energy Services of America Trading Up 2.4%

ESOA opened at $9.25 on Wednesday. Energy Services of America Co. has a 52-week low of $7.84 and a 52-week high of $19.94. The company has a 50 day moving average of $10.60 and a two-hundred day moving average of $13.62.

Energy Services of America (NASDAQ:ESOA) last issued its 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 business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, September 30th. Energy Services of America’s dividend payout ratio is currently 87.43%.

Analyst Ratings Changes

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

About Energy Services of America

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.