Quanta Services, Inc. (NYSE:PWR) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWRGet Rating) by 17.8% during the first quarter, Holdings Channel.com reports. The firm owned 1,371 shares of the construction company’s stock after acquiring an additional 207 shares during the period. Quadrant Capital Group LLC’s holdings in Quanta Services were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin Edwards Inc. grew its stake in shares of Quanta Services by 435.0% during the 4th quarter. Benjamin Edwards Inc. now owns 214 shares of the construction company’s stock worth $25,000 after purchasing an additional 174 shares during the period. Riverview Trust Co acquired a new stake in Quanta Services in the 1st quarter valued at $34,000. Allworth Financial LP grew its stake in Quanta Services by 1,656.3% in the 1st quarter. Allworth Financial LP now owns 281 shares of the construction company’s stock valued at $37,000 after acquiring an additional 265 shares during the period. Cyrus J. Lawrence LLC acquired a new stake in Quanta Services in the 1st quarter valued at $38,000. Finally, First Horizon Advisors Inc. grew its stake in Quanta Services by 113.3% in the 4th quarter. First Horizon Advisors Inc. now owns 320 shares of the construction company’s stock valued at $35,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 87.16% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Cowen lifted their price target on shares of Quanta Services from $130.00 to $145.00 in a research note on Thursday, May 26th. Robert W. Baird raised their price objective on Quanta Services from $136.00 to $147.00 and gave the company an “outperform” rating in a report on Friday. Citigroup raised their price objective on Quanta Services from $145.00 to $152.00 in a report on Friday, July 22nd. Credit Suisse Group set a $157.00 price objective on Quanta Services in a report on Tuesday, July 19th. Finally, B. Riley raised their price objective on Quanta Services from $129.00 to $138.00 in a report on Friday, May 6th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.31.

Quanta Services Stock Up 2.6 %

Shares of PWR opened at $136.91 on Friday. The firm has a market cap of $19.68 billion, a P/E ratio of 41.49 and a beta of 1.10. Quanta Services, Inc. has a 12-month low of $90.09 and a 12-month high of $146.84. The company’s 50-day moving average price is $128.11 and its 200 day moving average price is $120.39. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74.

Quanta Services (NYSE:PWRGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The construction company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.16. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.03 billion. Quanta Services had a net margin of 3.38% and a return on equity of 14.98%. Quanta Services’s revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. On average, sell-side analysts forecast that Quanta Services, Inc. will post 5.79 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a $0.07 dividend. The ex-dividend date was Thursday, June 30th. This represents a $0.28 annualized dividend and a yield of 0.20%. Quanta Services’s dividend payout ratio (DPR) is currently 8.48%.

Insider Activity at Quanta Services

In other Quanta Services news, Director Vincent D. Foster sold 14,948 shares of Quanta Services stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $119.01, for a total value of $1,778,961.48. Following the completion of the transaction, the director now directly owns 204,925 shares of the company’s stock, valued at approximately $24,388,124.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Quanta Services news, CEO Earl C. Jr. Austin sold 135,000 shares of Quanta Services stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $126.48, for a total value of $17,074,800.00. Following the completion of the transaction, the chief executive officer now directly owns 689,030 shares of the company’s stock, valued at approximately $87,148,514.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Vincent D. Foster sold 14,948 shares of Quanta Services stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $119.01, for a total value of $1,778,961.48. Following the completion of the transaction, the director now directly owns 204,925 shares of the company’s stock, valued at $24,388,124.25. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Quanta Services Company Profile

(Get Rating)

Quanta Services, Inc provides specialty contracting services worldwide. The Electric Power Infrastructure Solutions segment engages in the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure and substation facilities; energized installation, maintenance, and upgrade of electric power infrastructure projects; installation of smart grid technologies on electric power networks; and design, installation, maintenance, and repair of commercial and industrial wirings.

Further Reading

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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