Little House Capital LLC Purchases New Stake in Quanta Services, Inc. (NYSE:PWR)

Little House Capital LLC bought a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 3,044 shares of the construction company's stock, valued at approximately $774,000.

Other institutional investors have also modified their holdings of the company. Banque Transatlantique SA acquired a new position in Quanta Services in the fourth quarter valued at approximately $25,000. Quarry LP bought a new position in shares of Quanta Services during the 4th quarter valued at about $26,000. Rakuten Securities Inc. raised its holdings in shares of Quanta Services by 1,027.3% in the 4th quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock valued at $39,000 after purchasing an additional 113 shares during the period. OLD Second National Bank of Aurora bought a new position in Quanta Services during the 1st quarter worth $42,000. Finally, Sound Income Strategies LLC increased 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 worth $47,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Argus set a $375.00 target price on Quanta Services in a research report on Monday, May 5th. Truist Financial decreased their price objective 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. UBS Group set a $413.00 target price on Quanta Services and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $414.00 target price (up previously from $364.00) on shares of Quanta Services in a report on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and an average target price of $349.65.

Quanta Services Trading Up 0.6%

Shares of Quanta Services stock traded up $2.21 on Friday, hitting $381.68. 3,687,738 shares of the company's stock traded hands, compared to its average volume of 972,807. The company has a fifty day moving average of $336.76 and a two-hundred day moving average of $307.14. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $382.79. The company has a market capitalization of $56.59 billion, a price-to-earnings ratio of 61.56, a price-to-earnings-growth ratio of 2.95 and a beta of 1.07. 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 (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 analysts' consensus estimates of $1.72 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The firm's revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. As a group, 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 declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be issued 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 0.10%. Quanta Services's payout ratio is 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.