Hilltop National Bank Has $2.05 Million Position in Quanta Services, Inc. (NYSE:PWR)

Hilltop National Bank boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,472 shares of the construction company’s stock after purchasing an additional 248 shares during the quarter. Hilltop National Bank’s holdings in Quanta Services were worth $2,045,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services in the third quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services during the 3rd quarter valued at about $31,000. Valley Wealth Managers Inc. bought a new stake in Quanta Services in the second quarter valued at about $33,000. Quest Partners LLC acquired a new position in Quanta Services in the second quarter worth about $35,000. Finally, Versant Capital Management Inc lifted its stake in Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after purchasing an additional 45 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on PWR shares. Daiwa Capital Markets assumed coverage on Quanta Services in a research note on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target on the stock. Stifel Nicolaus increased their target price on shares of Quanta Services from $343.00 to $374.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Truist Financial upped their price objective on shares of Quanta Services from $358.00 to $399.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Robert W. Baird lifted their target price on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Guggenheim started coverage on Quanta Services in a research report on Wednesday. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $324.25.

Quanta Services Trading Down 0.3 %

Shares of Quanta Services stock traded down $1.09 during trading on Friday, reaching $311.11. 172,818 shares of the company were exchanged, compared to its average volume of 807,582. The firm has a market capitalization of $45.92 billion, a price-to-earnings ratio of 57.40 and a beta of 1.06. The business has a 50-day moving average price of $328.05 and a 200-day moving average price of $293.59. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a twelve month low of $187.27 and a twelve month high of $350.19.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.26. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. Quanta Services’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.08 EPS. Sell-side analysts anticipate that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.

Quanta Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, January 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 0.13%. Quanta Services’s dividend payout ratio is 7.38%.

About Quanta Services

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.