Ameliora Wealth Management Ltd. Has $982,000 Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Ameliora Wealth Management Ltd. increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,292 shares of the construction company’s stock after buying an additional 89 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in Quanta Services were worth $982,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PWR. V Square Quantitative Management LLC grew its position in Quanta Services by 34.3% during the fourth quarter. V Square Quantitative Management LLC now owns 2,539 shares of the construction company’s stock worth $548,000 after buying an additional 648 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Quanta Services by 28.9% during the fourth quarter. Centaurus Financial Inc. now owns 1,985 shares of the construction company’s stock worth $428,000 after purchasing an additional 445 shares during the period. Richardson Financial Services Inc. bought a new position in Quanta Services during the fourth quarter worth about $623,000. Wellington Management Group LLP lifted its stake in Quanta Services by 581.3% during the fourth quarter. Wellington Management Group LLP now owns 117,014 shares of the construction company’s stock worth $25,252,000 after purchasing an additional 99,840 shares during the period. Finally, SageView Advisory Group LLC bought a new position in Quanta Services during the fourth quarter worth about $2,183,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PWR shares. JPMorgan Chase & Co. started coverage on shares of Quanta Services in a research note on Monday, October 7th. They issued a “neutral” rating and a $297.00 target price for the company. Wolfe Research started coverage on shares of Quanta Services in a research note on Thursday, September 19th. They issued an “outperform” rating and a $313.00 target price for the company. B. Riley lifted their target price on shares of Quanta Services from $286.00 to $303.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price objective on shares of Quanta Services from $283.00 to $342.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on shares of Quanta Services from $287.00 to $288.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and eleven have issued 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 $299.93.

Insider Activity

In related news, insider Karl W. Studer sold 23,357 shares of Quanta Services stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $270.51, for a total transaction of $6,318,302.07. Following the completion of the transaction, the insider now owns 10,631 shares of the company’s stock, valued at $2,875,791.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Earl C. Jr. Austin sold 130,000 shares of Quanta Services stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $262.21, for a total transaction of $34,087,300.00. Following the completion of the transaction, the chief executive officer now directly owns 593,402 shares in the company, valued at $155,595,938.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karl W. Studer sold 23,357 shares of Quanta Services stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $270.51, for a total transaction of $6,318,302.07. Following the transaction, the insider now owns 10,631 shares of the company’s stock, valued at $2,875,791.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,357 shares of company stock valued at $53,115,572. Insiders own 1.10% of the company’s stock.

Quanta Services Trading Up 0.8 %

Shares of PWR stock traded up $2.43 on Friday, hitting $309.42. The stock had a trading volume of 375,099 shares, compared to its average volume of 902,894. Quanta Services, Inc. has a twelve month low of $153.74 and a twelve month high of $312.52. The firm has a market cap of $45.30 billion, a P/E ratio of 59.97 and a beta of 1.01. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average price of $275.77 and a two-hundred day moving average price of $267.31.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, August 1st. The construction company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. Quanta Services had a net margin of 3.59% and a return on equity of 16.29%. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the firm earned $1.47 EPS. Quanta Services’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast that Quanta Services, Inc. will post 7.81 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, October 1st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Tuesday, October 1st. Quanta Services’s payout ratio is 6.98%.

Quanta Services Company 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.