RPG Investment Advisory LLC Purchases 6,151 Shares of Quanta Services, Inc. (NYSE:PWR)

RPG Investment Advisory LLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,758 shares of the construction company's stock after purchasing an additional 6,151 shares during the quarter. Quanta Services makes up about 3.0% of RPG Investment Advisory LLC's investment portfolio, making the stock its 6th largest position. RPG Investment Advisory LLC owned 0.06% of Quanta Services worth $18,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ICA Group Wealth Management LLC bought a new position in Quanta Services during the 4th quarter worth approximately $26,000. Coppell Advisory Solutions Corp. bought a new position in Quanta Services during the 4th quarter worth approximately $28,000. Perkins Coie Trust Co bought a new stake in shares of Quanta Services in the 3rd quarter worth approximately $30,000. Grove Bank & Trust grew its position in shares of Quanta Services by 75.6% in the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company's stock worth $30,000 after buying an additional 68 shares during the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Quanta Services in the 2nd quarter worth approximately $33,000. 90.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, Director Worthing Jackman sold 9,572 shares of the business's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the completion of the sale, the director now owns 7,486 shares of the company's stock, valued at $1,776,502.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Derrick A. Jensen sold 18,500 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the transaction, the executive vice president now directly owns 263,725 shares in the company, valued at $62,476,452.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Worthing Jackman sold 9,572 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total value of $2,271,531.32. Following the completion of the transaction, the director now owns 7,486 shares in the company, valued at $1,776,502.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,125 shares of company stock valued at $11,270,215. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent analyst reports. DA Davidson lifted their price objective on Quanta Services from $190.00 to $225.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. KeyCorp initiated coverage on Quanta Services in a research report on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Truist Financial initiated coverage on Quanta Services in a research report on Thursday, March 14th. They issued a "buy" rating and a $301.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Quanta Services from $227.00 to $259.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. Finally, TD Cowen raised their target price on Quanta Services from $205.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $239.54.

Quanta Services Stock Down 1.3 %

Shares of PWR stock traded down $3.30 during mid-day trading on Friday, hitting $254.70. The company's stock had a trading volume of 632,498 shares, compared to its average volume of 925,443. Quanta Services, Inc. has a 52-week low of $153.74 and a 52-week high of $265.82. The business has a 50-day moving average price of $238.74 and a 200 day moving average price of $206.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market cap of $37.12 billion, a price-to-earnings ratio of 50.84 and a beta of 1.11.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, topping 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 company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. Quanta Services'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 fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 9th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.14%. The ex-dividend date is Monday, April 8th. Quanta Services's dividend payout ratio is presently 7.19%.

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.