Huntington National Bank Boosts Holdings in Energy Services of America Co. (NASDAQ:ESOA)

Huntington National Bank boosted its holdings in shares of Energy Services of America Co. (NASDAQ:ESOA) by 80.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 678,588 shares of the company’s stock after buying an additional 301,800 shares during the quarter. Huntington National Bank’s holdings in Energy Services of America were worth $8,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ESOA. American Century Companies Inc. grew its position in shares of Energy Services of America by 46.0% during the 4th quarter. American Century Companies Inc. now owns 256,616 shares of the company’s stock valued at $3,238,000 after acquiring an additional 80,878 shares during the period. Truffle Hound Capital LLC purchased a new position in Energy Services of America during the fourth quarter valued at $5,048,000. Quantbot Technologies LP bought a new stake in Energy Services of America during the fourth quarter valued at about $100,000. Virtu Financial LLC increased its position in Energy Services of America by 41.1% in the fourth quarter. Virtu Financial LLC now owns 29,778 shares of the company’s stock worth $376,000 after buying an additional 8,668 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Energy Services of America in the fourth quarter worth about $140,000. 2.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mark Prince acquired 21,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was acquired at an average cost of $10.96 per share, with a total value of $230,160.00. Following the acquisition, the director now directly owns 100,071 shares in the company, valued at $1,096,778.16. This represents a 26.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 44.68% of the company’s stock.

Energy Services of America Trading Up 1.5 %

Shares of NASDAQ:ESOA opened at $10.04 on Thursday. The stock has a 50 day moving average of $10.39 and a 200 day moving average of $11.84. Energy Services of America Co. has a 12-month low of $5.70 and a 12-month high of $19.83.

Energy Services of America (NASDAQ:ESOA) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05).

Energy Services of America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.12 dividend on an annualized basis and a yield of 1.20%. Energy Services of America’s dividend payout ratio is presently 65.57%.

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.