Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Kathmere Capital Management LLC

Kathmere Capital Management LLC increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 918 shares of the construction company’s stock after acquiring an additional 115 shares during the period. Kathmere Capital Management LLC’s holdings in Quanta Services were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PWR. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services in the 3rd quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in shares of Quanta Services in the third quarter valued at $31,000. Quest Partners LLC acquired a new stake in shares of Quanta Services during the 2nd quarter valued at $35,000. Versant Capital Management Inc boosted its stake in shares of Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in Quanta Services in the 3rd quarter worth about $41,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PWR has been the topic of several research analyst reports. JPMorgan Chase & Co. started coverage on shares of Quanta Services in a research report on Monday, October 7th. They set a “neutral” rating and a $297.00 price objective on the stock. Guggenheim began coverage on Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating for the company. Daiwa America upgraded Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Daiwa Capital Markets initiated coverage on shares of Quanta Services in a report on Friday, December 6th. They set an “outperform” rating and a $355.00 price target for the company. Finally, Robert W. Baird increased their target price on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $324.19.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $335.92 on Friday. The business’s 50-day simple moving average is $329.23 and its 200-day simple moving average is $295.52. Quanta Services, Inc. has a 52 week low of $187.27 and a 52 week high of $350.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The firm has a market cap of $49.59 billion, a price-to-earnings ratio of 61.98 and a beta of 1.06.

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

Quanta Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services’s payout ratio is presently 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.