Energy Services of America Co. (NASDAQ:ESOA) Director Sells $556,796.52 in Stock

Energy Services of America Co. (NASDAQ:ESOA) Director Marshall T. Reynolds sold 34,713 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $16.04, for a total value of $556,796.52. Following the completion of the transaction, the director now directly owns 1,525,373 shares in the company, valued at approximately $24,466,982.92. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Energy Services of America Stock Up 1.4 %

NASDAQ ESOA opened at $14.30 on Thursday. Energy Services of America Co. has a 52 week low of $5.22 and a 52 week high of $19.83. The stock’s 50-day moving average price is $13.83 and its 200-day moving average price is $10.34.

Energy Services of America (NASDAQ:ESOA) last released its earnings results on Monday, December 16th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.28.

Energy Services of America Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.03 per share. This is a boost from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, December 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.84%. Energy Services of America’s payout ratio is 16.39%.

Institutional Investors Weigh In On Energy Services of America

A number of institutional investors have recently bought and sold shares of ESOA. Virtu Financial LLC boosted its stake in shares of Energy Services of America by 35.4% in the third quarter. Virtu Financial LLC now owns 21,110 shares of the company’s stock worth $201,000 after acquiring an additional 5,516 shares during the period. State Street Corp lifted its holdings in Energy Services of America by 16.4% in the 3rd quarter. State Street Corp now owns 35,529 shares of the company’s stock worth $338,000 after purchasing an additional 5,000 shares in the last quarter. XTX Topco Ltd bought a new position in Energy Services of America in the 3rd quarter worth approximately $401,000. GSA Capital Partners LLP purchased a new stake in Energy Services of America during the 3rd quarter valued at approximately $452,000. Finally, Ritholtz Wealth Management raised its position in shares of Energy Services of America by 46.7% during the second quarter. Ritholtz Wealth Management now owns 60,878 shares of the company’s stock valued at $436,000 after buying an additional 19,380 shares during the last quarter. Hedge funds and other institutional investors own 2.13% of the company’s stock.

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.