Goldman Sachs Group Inc. Buys 6,917 Shares of Energy Services of America Co. $ESOA

Goldman Sachs Group Inc. increased its stake in Energy Services of America Co. (NASDAQ:ESOA) by 15.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,543 shares of the company’s stock after buying an additional 6,917 shares during the period. Goldman Sachs Group Inc.’s holdings in Energy Services of America were worth $478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Energy Services of America by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 105,600 shares of the company’s stock valued at $998,000 after acquiring an additional 1,183 shares in the last quarter. Needham Investment Management LLC boosted its position in shares of Energy Services of America by 33.3% during the first quarter. Needham Investment Management LLC now owns 100,000 shares of the company’s stock valued at $945,000 after purchasing an additional 25,000 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Energy Services of America during the fourth quarter valued at approximately $1,239,000. Ancora Advisors LLC purchased a new stake in Energy Services of America in the first quarter worth $809,000. Finally, Sierra Summit Advisors LLC bought a new position in Energy Services of America in the first quarter worth $598,000. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

Energy Services of America Stock Up 0.7%

ESOA stock opened at $10.00 on Friday. The business has a 50 day moving average of $10.09 and a 200 day moving average of $9.80. Energy Services of America Co. has a twelve month low of $7.64 and a twelve month high of $19.83.

Analyst Ratings Changes

Separately, Wall Street Zen raised Energy Services of America from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $21.00.

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.