U.S. Capital Wealth Advisors LLC Decreases Position in Quanta Services, Inc. (NYSE:PWR)

U.S. Capital Wealth Advisors LLC lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 29.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,188 shares of the construction company’s stock after selling 2,201 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Quanta Services were worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Grove Bank & Trust raised its stake in Quanta Services by 75.6% in the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock worth $30,000 after acquiring an additional 68 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in Quanta Services by 47.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after acquiring an additional 52 shares during the last quarter. NBC Securities Inc. purchased a new position in Quanta Services in the 3rd quarter worth $36,000. Valley National Advisers Inc. purchased a new position in shares of Quanta Services during the 4th quarter valued at about $41,000. Finally, Planned Solutions Inc. acquired a new position in shares of Quanta Services in the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Insider Buying and Selling

In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now directly owns 263,725 shares in the company, valued at approximately $62,476,452.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now directly owns 263,725 shares in the company, valued at approximately $62,476,452.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Worthing Jackman sold 9,572 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total value of $2,271,531.32. Following the completion of the transaction, the director now directly owns 7,486 shares in the company, valued at approximately $1,776,502.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,125 shares of company stock worth $11,270,215. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PWR has been the subject of several recent research reports. Citigroup lifted their price target on Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group increased their price target on shares of Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a report on Monday, February 26th. TD Cowen raised their price target on shares of Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Stifel Nicolaus upped their price objective on shares of Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Truist Financial began coverage on Quanta Services in a research report on Thursday, March 14th. They set a “buy” rating and a $301.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $255.85.

Quanta Services Trading Up 0.5 %

Shares of PWR stock opened at $256.33 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.32. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $265.82. The company has a market cap of $37.52 billion, a price-to-earnings ratio of 49.68 and a beta of 1.10. The stock has a 50 day simple moving average of $250.69 and a 200-day simple moving average of $214.98.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.83 by $0.21. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the business earned $1.54 earnings per share. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, equities research analysts expect that Quanta Services, Inc. will post 7.63 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, April 8th. Quanta Services’s payout ratio is 6.98%.

Quanta Services Profile

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company's 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; 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.