Citadel Advisors LLC Has $381,000 Stake in Energy Services of America Co. (NASDAQ:ESOA)

Citadel Advisors LLC boosted its position in shares of Energy Services of America Co. (NASDAQ:ESOA) by 66.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,154 shares of the company’s stock after buying an additional 12,069 shares during the period. Citadel Advisors LLC’s holdings in Energy Services of America were worth $381,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. boosted its position in Energy Services of America by 21.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 22,705 shares of the company’s stock valued at $287,000 after buying an additional 4,007 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Energy Services of America during the 4th quarter valued at $1,239,000. 683 Capital Management LLC acquired a new stake in shares of Energy Services of America during the 4th quarter valued at $602,000. Jane Street Group LLC acquired a new stake in shares of Energy Services of America during the 4th quarter valued at $1,347,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Energy Services of America during the 4th quarter valued at $549,000. 2.13% of the stock is currently owned by institutional investors and hedge funds.

Energy Services of America Stock Up 3.2%

Shares of NASDAQ:ESOA opened at $10.39 on Wednesday. The stock’s 50 day moving average is $9.25 and its 200-day moving average is $11.34. Energy Services of America Co. has a twelve month low of $6.50 and a twelve month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.51). The company had revenue of $76.68 million during the quarter, compared to the consensus estimate of $80.00 million.

Energy Services of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, March 31st. Energy Services of America’s dividend payout ratio (DPR) is presently 65.57%.

Analyst Ratings Changes

A number of brokerages have recently commented on ESOA. Lake Street Capital began coverage on shares of Energy Services of America in a report on Monday, May 19th. They set a “buy” rating and a $21.00 price target on the stock. Wall Street Zen lowered shares of Energy Services of America from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd.

Energy Services of America Company Profile

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.