Quanta Services, Inc. (NYSE:PWR) Shares Sold by ORG Partners LLC

ORG Partners LLC reduced its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 86.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 105 shares of the construction company's stock after selling 691 shares during the period. ORG Partners LLC's holdings in Quanta Services were worth $27,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new position in shares of Quanta Services during the 4th quarter worth $25,000. Quarry LP acquired a new position in Quanta Services in the fourth quarter valued at about $26,000. Rakuten Securities Inc. boosted its stake in Quanta Services by 1,027.3% during the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock worth $39,000 after buying an additional 113 shares during the period. OLD Second National Bank of Aurora acquired a new stake in shares of Quanta Services during the first quarter valued at about $42,000. Finally, Sound Income Strategies LLC increased its position in shares of Quanta Services by 77.9% during the first quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock valued at $47,000 after acquiring an additional 81 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Up 0.5%

NYSE:PWR traded up $1.79 during trading hours on Wednesday, hitting $374.05. The company's stock had a trading volume of 1,102,230 shares, compared to its average volume of 919,136. The stock has a market capitalization of $55.46 billion, a P/E ratio of 60.33, a price-to-earnings-growth ratio of 2.90 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $332.22 and a 200-day moving average of $306.31. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $375.53.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $5.88 billion. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The business's revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 EPS. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PWR. Evercore ISI increased 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. DA Davidson upped their price target on Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Piper Sandler reissued an "overweight" rating and set a $370.00 price target (up previously from $360.00) on shares of Quanta Services in a research report on Tuesday, May 27th. Citigroup lowered their price objective on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, UBS Group set a $413.00 target price on shares of Quanta Services and gave the stock a "buy" rating in a research note on Thursday, June 12th. Six research 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 stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $349.65.

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.