TFR Capital LLC. Makes New $1.23 Million Investment in Quanta Services, Inc. (NYSE:PWR)

TFR Capital LLC. acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,888 shares of the construction company's stock, valued at approximately $1,229,000.

A number of other large investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its position in shares of Quanta Services by 85.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock valued at $1,502,000 after purchasing an additional 2,184 shares during the last quarter. Allstate Corp bought a new position in Quanta Services in the 4th quarter valued at $1,357,000. SeaBridge Investment Advisors LLC purchased a new stake in shares of Quanta Services in the 4th quarter worth $1,754,000. Lebenthal Global Advisors LLC lifted its holdings in shares of Quanta Services by 10.7% in the 4th quarter. Lebenthal Global Advisors LLC now owns 8,627 shares of the construction company's stock worth $2,727,000 after buying an additional 832 shares during the period. Finally, Brighton Jones LLC purchased a new stake in shares of Quanta Services in the 4th quarter worth $298,000. Institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Argus set a $375.00 price objective on Quanta Services in a research note on Monday, May 5th. Roth Capital raised Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. TD Cowen raised their target price on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Truist Financial decreased their target price on Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Six equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $344.85.

Quanta Services Stock Performance

Quanta Services stock traded up $2.30 during mid-day trading on Friday, reaching $342.04. 1,655,321 shares of the company were exchanged, compared to its average volume of 1,548,252. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The firm's 50-day simple moving average is $295.98 and its two-hundred day simple moving average is $303.41. 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 firm has a market cap of $50.71 billion, a PE ratio of 56.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 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 analysts' expectations of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company's quarterly revenue was up 23.9% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. Equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 0.12%. Quanta Services's payout ratio is currently 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.