Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,938 shares of the construction company's stock after buying an additional 5,280 shares during the period. Aptus Capital Advisors LLC's holdings in Quanta Services were worth $12,938,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AlTi Global Inc. boosted its stake in shares of Quanta Services by 1.4% during the fourth quarter. AlTi Global Inc. now owns 3,300 shares of the construction company's stock valued at $1,112,000 after acquiring an additional 44 shares during the last quarter. Wahed Invest LLC grew its holdings in shares of Quanta Services by 3.4% during the fourth quarter. Wahed Invest LLC now owns 3,646 shares of the construction company's stock worth $1,152,000 after buying an additional 120 shares in the last quarter. Arrow Financial Corp lifted its stake in shares of Quanta Services by 26.2% during the fourth quarter. Arrow Financial Corp now owns 4,015 shares of the construction company's stock valued at $1,269,000 after buying an additional 834 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in Quanta Services during the fourth quarter worth approximately $3,819,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in Quanta Services in the 4th quarter worth approximately $2,563,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

PWR has been the topic of several analyst reports. Piper Sandler set a $360.00 price objective on Quanta Services and gave the stock an "overweight" rating in a report on Tuesday. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Guggenheim initiated coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a "neutral" rating on the stock. Argus set a $375.00 price target on shares of Quanta Services in a research report on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $344.35.

Quanta Services Stock Up 1.9 %

NYSE:PWR traded up $6.05 on Wednesday, reaching $323.70. The stock had a trading volume of 1,203,973 shares, compared to its average volume of 1,631,736. The company has a 50-day moving average of $268.49 and a 200 day moving average of $300.53. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a market cap of $47.99 billion, a P/E ratio of 53.68, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business's revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. On average, research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services's payout ratio is currently 6.45%.

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.