Quanta Services, Inc. (NYSE:PWR) Stock Holdings Raised by Visionary Wealth Advisors

Visionary Wealth Advisors raised its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 150,477 shares of the construction company's stock after purchasing an additional 19,596 shares during the period. Quanta Services accounts for approximately 2.8% of Visionary Wealth Advisors' portfolio, making the stock its 4th largest position. Visionary Wealth Advisors owned 0.10% of Quanta Services worth $47,558,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA acquired a new position in Quanta Services during the 4th quarter worth approximately $25,000. Webster Bank N. A. raised its position in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after purchasing an additional 81 shares during the period. Quarry LP bought a new position in shares of Quanta Services in the 4th quarter worth $26,000. Sierra Ocean LLC acquired a new stake in Quanta Services in the 4th quarter valued at $27,000. Finally, Sound Income Strategies LLC increased its stake in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. B. Riley lifted their price target on Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Piper Sandler set a $360.00 price target on Quanta Services and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus raised 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. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $344.35.

Quanta Services Stock Performance

NYSE PWR traded up $4.59 during trading on Friday, hitting $335.42. 787,505 shares of the company's stock traded hands, compared to its average volume of 1,579,907. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock has a market capitalization of $49.73 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $365.88. The business has a 50 day moving average of $287.86 and a 200-day moving average of $302.71.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly 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. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same period in the prior year, the company posted $1.41 EPS. Quanta Services's revenue was up 23.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed 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 is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services's payout ratio is 6.45%.

About Quanta Services

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.