Cwm LLC Has $1.47 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Cwm LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 15.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 5,770 shares of the construction company's stock after selling 1,088 shares during the period. Cwm LLC's holdings in Quanta Services were worth $1,467,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Banque Transatlantique SA acquired a new stake in shares of Quanta Services in the fourth quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Quanta Services in the fourth quarter valued at approximately $26,000. OLD Second National Bank of Aurora acquired a new position in Quanta Services during the first quarter worth $42,000. Sound Income Strategies LLC increased its holdings in Quanta Services by 77.9% during the first quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock worth $47,000 after buying an additional 81 shares during the last quarter. Finally, Rossby Financial LCC acquired a new position in Quanta Services during the first quarter worth $53,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Quanta Services stock opened at $403.53 on Friday. The company has a market capitalization of $59.83 billion, a P/E ratio of 65.09, a P/E/G ratio of 3.14 and a beta of 1.08. The business has a 50 day moving average of $362.17 and a 200-day moving average of $312.87. 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 1 year low of $227.08 and a 1 year high of $405.43.

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

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PWR. TD Cowen boosted their target price on shares of Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. UBS Group set a $413.00 price objective on shares of Quanta Services and gave the stock a "buy" rating in a research report on Thursday, June 12th. Evercore ISI lifted their price objective on shares of Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. BMO Capital Markets cut shares of Quanta Services from an "outperform" rating to a "market perform" rating and boosted their target price for the company from $352.00 to $400.00 in a research report on Thursday. Finally, Truist Financial reduced their target price on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $355.75.

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.

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