63,271 Shares in Energy Services of America Co. (NASDAQ:ESOA) Purchased by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC purchased a new stake in shares of Energy Services of America Co. (NASDAQ:ESOA) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 63,271 shares of the company’s stock, valued at approximately $598,000.

Several other hedge funds have also modified their holdings of ESOA. Wells Fargo & Company MN purchased a new stake in shares of Energy Services of America during the fourth quarter valued at about $111,000. Tower Research Capital LLC TRC purchased a new stake in shares of Energy Services of America during the fourth quarter valued at about $112,000. Victory Capital Management Inc. purchased a new stake in shares of Energy Services of America during the first quarter valued at about $124,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Energy Services of America during the fourth quarter valued at about $127,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Energy Services of America during the first quarter valued at about $166,000. 2.13% of the stock is owned by hedge funds and other institutional investors.

Energy Services of America Stock Performance

Shares of Energy Services of America stock opened at $9.54 on Friday. Energy Services of America Co. has a 12-month low of $6.60 and a 12-month high of $19.83. The firm’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $9.97.

Energy Services of America (NASDAQ:ESOA) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates 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 was Thursday, July 3rd. Energy Services of America’s dividend payout ratio is 65.57%.

Wall Street Analyst Weigh In

Several analysts have weighed in on ESOA shares. Wall Street Zen downgraded shares of Energy Services of America from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Lake Street Capital began coverage on shares of Energy Services of America in a research note on Monday, May 19th. They set a “buy” rating and a $21.00 price target on the 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.