NorthRock Partners LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 147.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,995 shares of the construction company's stock after purchasing an additional 1,189 shares during the quarter. NorthRock Partners LLC's holdings in Quanta Services were worth $631,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of PWR. Miracle Mile Advisors LLC acquired a new position in Quanta Services during the 4th quarter worth $203,000. SeaCrest Wealth Management LLC acquired a new position in shares of Quanta Services during the 4th quarter worth about $598,000. Fifth Third Wealth Advisors LLC boosted its position in shares of Quanta Services by 38.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,631 shares of the construction company's stock worth $515,000 after acquiring an additional 456 shares in the last quarter. Rockland Trust Co. acquired a new position in shares of Quanta Services during the 4th quarter worth about $256,000. Finally, Kathmere Capital Management LLC boosted its position in shares of Quanta Services by 14.3% during the 4th quarter. Kathmere Capital Management LLC now owns 918 shares of the construction company's stock worth $290,000 after acquiring an additional 115 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. TD Cowen upped their price objective on Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Stifel Nicolaus upped their price objective on Quanta Services from $306.00 to $363.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Argus set a $375.00 target price on Quanta Services in a research report on Monday, May 5th. Citigroup decreased their target price on Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Roth Mkm began coverage on Quanta Services in a research report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $344.35.
Check Out Our Latest Analysis on PWR
Quanta Services Stock Performance
Shares of PWR stock traded down $0.25 during trading hours on Monday, reaching $344.54. 730,249 shares of the company's stock were exchanged, compared to its average volume of 1,601,956. The company has a market cap of $51.08 billion, a P/E ratio of 57.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company's 50 day moving average is $281.22 and its two-hundred day moving average is $301.67. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.
Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.06. The business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 EPS. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.
Quanta Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.12%. The ex-dividend date was Thursday, April 3rd. Quanta Services's payout ratio is currently 6.45%.
Quanta Services Profile
(
Free Report)
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.
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