883 Shares in Quanta Services, Inc. (NYSE:PWR) Acquired by First Affirmative Financial Network

First Affirmative Financial Network bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 883 shares of the construction company's stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. increased its holdings in Quanta Services by 0.9% during the 1st quarter. Congress Asset Management Co. now owns 47,148 shares of the construction company's stock worth $11,984,000 after acquiring an additional 406 shares during the period. Radnor Capital Management LLC increased its holdings in Quanta Services by 3.2% during the 1st quarter. Radnor Capital Management LLC now owns 7,350 shares of the construction company's stock worth $1,868,000 after acquiring an additional 225 shares during the period. Signal Advisors Wealth LLC increased its holdings in shares of Quanta Services by 29.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 18,036 shares of the construction company's stock worth $4,584,000 after buying an additional 4,139 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Quanta Services by 224.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,376 shares of the construction company's stock worth $858,000 after buying an additional 2,334 shares during the last quarter. Finally, TruWealth Advisors LLC increased its holdings in shares of Quanta Services by 8.6% in the 1st quarter. TruWealth Advisors LLC now owns 49,485 shares of the construction company's stock worth $12,578,000 after buying an additional 3,932 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 0.5%

NYSE:PWR opened at $361.20 on Friday. The company has a 50-day moving average price of $306.00 and a 200-day moving average price of $304.24. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88. 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 $53.55 billion, a price-to-earnings ratio of 59.90, a P/E/G ratio of 1.41 and a beta of 1.07.

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

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.11%. Quanta Services's dividend payout ratio is 6.45%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research analyst reports. Piper Sandler reissued an "overweight" rating and issued a $370.00 price target (up previously from $360.00) on shares of Quanta Services in a report on Tuesday, May 27th. Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Truist Financial decreased their price target on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. DA Davidson increased their price target on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Finally, Roth Mkm began coverage on shares of Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 price target on the stock. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $347.35.

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.

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