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 Energy Services of America stock in a transaction dated Friday, December 20th. The shares were 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 of the company’s stock, valued at $24,466,982.92. This represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Energy Services of America Trading Down 11.9 %

Shares of NASDAQ ESOA traded down $1.90 during trading on Monday, reaching $14.10. The company had a trading volume of 523,096 shares, compared to its average volume of 166,954. Energy Services of America Co. has a 52 week low of $5.22 and a 52 week high of $19.83. The business’s 50 day moving average price is $13.68 and its 200-day moving average price is $10.25.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings data on Monday, December 16th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.28.

Energy Services of America Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.03 dividend. This is a boost from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.12 annualized dividend and a yield of 0.85%. Energy Services of America’s dividend payout ratio (DPR) is currently 16.39%.

Institutional Investors Weigh In On Energy Services of America

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Energy Services of America by 257.5% in the 2nd quarter. American Century Companies Inc. now owns 117,124 shares of the company’s stock valued at $839,000 after purchasing an additional 84,362 shares during the period. Huntington National Bank lifted its stake in Energy Services of America by 15.7% in the third quarter. Huntington National Bank now owns 376,788 shares of the company’s stock valued at $3,579,000 after buying an additional 51,200 shares during the period. GSA Capital Partners LLP acquired a new position in Energy Services of America in the third quarter valued at about $452,000. XTX Topco Ltd acquired a new position in shares of Energy Services of America during the 3rd quarter worth about $401,000. Finally, Raffles Associates LP increased its stake in shares of Energy Services of America by 22.6% in the 2nd quarter. Raffles Associates LP now owns 217,533 shares of the company’s stock valued at $1,558,000 after acquiring an additional 40,142 shares during the last quarter. Institutional investors and hedge funds 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.