1,516 Shares in Quanta Services, Inc. (NYSE:PWR) Bought by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWRFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,516 shares of the construction company’s stock, valued at approximately $327,000.

A number of other institutional investors have also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. boosted its stake in Quanta Services by 47.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after buying an additional 52 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Quanta Services by 4.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,367 shares of the construction company’s stock worth $295,000 after buying an additional 60 shares in the last quarter. Central Bank & Trust Co. boosted its stake in Quanta Services by 2.1% during the fourth quarter. Central Bank & Trust Co. now owns 3,246 shares of the construction company’s stock worth $700,000 after buying an additional 66 shares in the last quarter. Czech National Bank boosted its stake in Quanta Services by 0.3% during the fourth quarter. Czech National Bank now owns 25,445 shares of the construction company’s stock worth $5,491,000 after buying an additional 67 shares in the last quarter. Finally, Evergreen Wealth Solutions LLC boosted its stake in Quanta Services by 2.9% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 2,340 shares of the construction company’s stock worth $505,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Insider Activity

In other news, EVP Derrick A. Jensen sold 18,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $62,476,452.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald Wayne sold 1,101 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total value of $288,395.94. Following the completion of the transaction, the executive vice president now owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The disclosure for this sale can be found here. Insiders sold a total of 47,125 shares of company stock valued at $11,270,215 in the last ninety days. 1.10% of the stock is owned by insiders.

Quanta Services Trading Up 2.7 %

NYSE:PWR traded up $7.05 on Wednesday, hitting $270.41. 345,358 shares of the stock were exchanged, compared to its average volume of 935,618. The stock has a market capitalization of $39.59 billion, a price-to-earnings ratio of 51.04 and a beta of 1.10. Quanta Services, Inc. has a 52 week low of $153.74 and a 52 week high of $273.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36. The company’s 50-day moving average price is $254.54 and its 200 day moving average price is $219.94.

Quanta Services (NYSE:PWRGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.21. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS. On average, equities research analysts forecast that Quanta Services, Inc. will post 7.68 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio (DPR) is presently 6.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PWR shares. DA Davidson boosted their target price on shares of Quanta Services from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. The Goldman Sachs Group boosted their target price on shares of Quanta Services from $227.00 to $259.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Citigroup boosted their target price on shares of Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Evercore ISI boosted their target price on shares of Quanta Services from $255.00 to $288.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, Truist Financial restated a “buy” rating and issued a $305.00 target price (up previously from $301.00) on shares of Quanta Services in a research note on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $262.00.

Read Our Latest Report on Quanta Services

Quanta Services Company Profile

(Free Report)

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.

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

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