Energy Services of America Co. (NASDAQ:ESOA) Declares Quarterly Dividend of $0.04

Energy Services of America Co. (NASDAQ:ESOA) declared a quarterly dividend on Thursday, September 17th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.04 per share on Thursday, October 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 30th.

Energy Services of America Price Performance

NASDAQ ESOA opened at $11.12 on Monday. Energy Services of America has a twelve month low of $7.84 and a twelve month high of $19.94. The stock has a 50-day simple moving average of $12.87 and a 200 day simple moving average of $14.81.

Energy Services of America (NASDAQ:ESOA) last released its earnings results on Monday, August 10th. The company reported $0.18 earnings per share (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 analyst estimates of $112.65 million.

Institutional Investors Weigh In On Energy Services of America

Several institutional investors and hedge funds have recently made changes to their positions in ESOA. Legal & General Group Plc bought a new stake in shares of Energy Services of America in the 2nd quarter worth about $26,000. PNC Financial Services Group Inc. lifted its holdings in Energy Services of America by 80.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,871 shares of the company’s stock valued at $38,000 after purchasing an additional 1,283 shares during the last quarter. State of Wyoming acquired a new position in Energy Services of America in the second quarter valued at about $93,000. T3 Companies LLC acquired a new position in Energy Services of America in the fourth quarter valued at about $133,000. Finally, Calamos Advisors LLC acquired a new position in Energy Services of America in the first quarter valued at about $139,000. Institutional investors and hedge funds own 2.13% of the company’s stock.

About Energy Services of America

Energy Services of America Corporation is a Huntington, West Virginia-based holding company that provides construction and maintenance services for the energy and utility industries. Through its operating subsidiaries, the company focuses on building, repairing and maintaining infrastructure used to transport and distribute natural gas and other energy products.

The company’s services include pipeline construction, pipeline replacement and maintenance, gas distribution work, industrial construction, facility maintenance, and related infrastructure services.