Silverleafe Capital Partners LLC Sells 2,100 Shares of Quanta Services, Inc. (NYSE:PWR)

Silverleafe Capital Partners LLC reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 40.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,085 shares of the construction company's stock after selling 2,100 shares during the period. Silverleafe Capital Partners LLC's holdings in Quanta Services were worth $784,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Quanta Services by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock worth $5,375,828,000 after purchasing an additional 161,277 shares during the period. Capital World Investors increased its position in Quanta Services by 14.1% in the fourth quarter. Capital World Investors now owns 7,223,471 shares of the construction company's stock worth $2,282,978,000 after buying an additional 891,977 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Quanta Services by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company's stock worth $1,121,830,000 after buying an additional 99,416 shares during the period. Invesco Ltd. lifted its position in shares of Quanta Services by 3.7% during the 4th quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company's stock valued at $604,871,000 after buying an additional 68,565 shares in the last quarter. Finally, Norges Bank purchased a new stake in Quanta Services in the 4th quarter worth approximately $544,937,000. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PWR has been the subject of a number of recent analyst reports. DA Davidson upped their price target on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. TD Cowen increased their price target on Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Truist Financial decreased their price target on Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Roth Mkm assumed coverage on Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 price objective for the company. Finally, Argus set a $375.00 target price on Quanta Services in a research note on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and an average price target of $349.65.

Quanta Services Trading Up 0.5%

PWR traded up $1.86 on Thursday, hitting $360.48. The company had a trading volume of 854,470 shares, compared to its average volume of 955,764. The business's fifty day simple moving average is $322.55 and its 200 day simple moving average is $305.27. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $367.00. The company has a market cap of $53.44 billion, a PE ratio of 58.14, a PEG ratio of 2.79 and a beta of 1.07.

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

Quanta Services Announces Dividend

The firm 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, July 1st. Quanta Services's dividend payout ratio is currently 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.