Nisa Investment Advisors LLC Acquires 4,100 Shares of Quanta Services, Inc. (NYSE:PWR)

Nisa Investment Advisors LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,372 shares of the construction company's stock after buying an additional 4,100 shares during the quarter. Nisa Investment Advisors LLC's holdings in Quanta Services were worth $9,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC grew its position in Quanta Services by 3.8% during the second quarter. Western Wealth Management LLC now owns 1,597 shares of the construction company's stock valued at $314,000 after acquiring an additional 59 shares during the period. Central Bank & Trust Co. raised its holdings in Quanta Services by 2.1% in the fourth quarter. Central Bank & Trust Co. now owns 3,246 shares of the construction company's stock valued at $700,000 after buying an additional 66 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Quanta Services by 0.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,511 shares of the construction company's stock valued at $2,340,000 after buying an additional 67 shares in the last quarter. Czech National Bank grew its stake in Quanta Services by 0.3% during the fourth quarter. Czech National Bank now owns 25,445 shares of the construction company's stock worth $5,491,000 after buying an additional 67 shares during the period. Finally, Gray Wealth Management Inc. increased its position in shares of Quanta Services by 6.2% in the third quarter. Gray Wealth Management Inc. now owns 1,168 shares of the construction company's stock worth $218,000 after acquiring an additional 68 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 0.8 %

Quanta Services stock traded down $2.10 during midday trading on Wednesday, hitting $254.30. The stock had a trading volume of 743,374 shares, compared to its average volume of 934,921. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $236.58 and a 200 day moving average price of $205.83. Quanta Services, Inc. has a 12 month low of $153.74 and a 12 month high of $265.82. The stock has a market cap of $37.06 billion, a P/E ratio of 50.76 and a beta of 1.11.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.21. Quanta Services had a return on equity of 16.46% and a net margin of 3.57%. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the company posted $1.54 EPS. The business's revenue was up 31.0% compared to the same quarter last year. Research analysts predict that Quanta Services, Inc. will post 7.63 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.36 annualized dividend and a yield of 0.14%. Quanta Services's dividend payout ratio (DPR) is 7.19%.

Insiders Place Their Bets

In other news, EVP Derrick A. Jensen sold 18,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the sale, the executive vice president now directly owns 263,725 shares in the company, valued at approximately $62,476,452.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Derrick A. Jensen sold 18,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total value of $4,382,650.00. Following the sale, the executive vice president now owns 263,725 shares of the company's stock, valued at approximately $62,476,452.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the sale, the executive vice president now owns 40,065 shares in the company, valued at $10,494,626.10. The disclosure for this sale can be found here. Insiders have sold 47,125 shares of company stock valued at $11,270,215 over the last quarter. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson increased their price target on Quanta Services from $190.00 to $225.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. KeyCorp initiated coverage on shares of Quanta Services in a research report on Wednesday, January 10th. They issued a "sector weight" rating for the company. Stifel Nicolaus boosted their target price on shares of Quanta Services from $237.00 to $252.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Citigroup raised their price target on shares of Quanta Services from $234.00 to $237.00 and gave the company a "buy" rating in a report on Friday, January 26th. Finally, Truist Financial began coverage on shares of Quanta Services in a report on Thursday, March 14th. They issued a "buy" rating and a $301.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $239.54.

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.