Private Capital Advisors Inc. Acquires New Position in Quanta Services, Inc. (NYSE:PWR)

Private Capital Advisors Inc. bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,015 shares of the construction company's stock, valued at approximately $258,000.

Other large investors also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of Quanta Services in the fourth quarter worth about $25,000. Quarry LP bought a new stake in shares of Quanta Services during the 4th quarter worth $26,000. OLD Second National Bank of Aurora bought a new position in shares of Quanta Services in the first quarter worth about $42,000. Sound Income Strategies LLC boosted its holdings in Quanta Services by 77.9% in the 1st quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock valued at $47,000 after purchasing an additional 81 shares during the period. Finally, Rossby Financial LCC acquired a new position in shares of Quanta Services during the first quarter valued at about $53,000. Institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PWR. Wall Street Zen upgraded shares of Quanta Services from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. The Goldman Sachs Group reiterated a "buy" rating and issued a $414.00 target price (up previously from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. DA Davidson boosted their price objective on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Evercore ISI upped their target price on shares of Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Finally, Piper Sandler reiterated an "overweight" rating and set a $370.00 target price (up previously from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. Nine investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Quanta Services presently has an average rating of "Moderate Buy" and a consensus price target of $353.35.

Quanta Services Stock Performance

Quanta Services stock traded down $0.34 during trading hours on Tuesday, hitting $386.66. The company had a trading volume of 606,120 shares, compared to its average volume of 1,059,644. The firm has a market cap of $57.33 billion, a PE ratio of 62.36, a PEG ratio of 3.01 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $390.10. The firm has a 50-day moving average of $357.88 and a 200 day moving average of $311.21.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The business's revenue was up 23.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 EPS. On average, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.10%. Quanta Services's dividend payout ratio is presently 6.45%.

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.