Wesbanco Bank Inc. Has $6.03 Million Position in Quanta Services, Inc. (NYSE:PWR)

Wesbanco Bank Inc. raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 923.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 23,218 shares of the construction company's stock after acquiring an additional 20,949 shares during the period. Wesbanco Bank Inc.'s holdings in Quanta Services were worth $6,032,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PWR. Vanguard Group Inc. grew its holdings in Quanta Services by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 16,235,875 shares of the construction company's stock valued at $3,503,702,000 after purchasing an additional 191,334 shares during the period. Capital World Investors raised its position in shares of Quanta Services by 11.6% during the fourth quarter. Capital World Investors now owns 6,000,722 shares of the construction company's stock worth $1,294,956,000 after purchasing an additional 624,545 shares during the period. FMR LLC lifted its holdings in shares of Quanta Services by 1.1% during the 3rd quarter. FMR LLC now owns 4,229,280 shares of the construction company's stock valued at $791,171,000 after purchasing an additional 44,141 shares in the last quarter. Artisan Partners Limited Partnership grew its position in shares of Quanta Services by 384.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 2,438,653 shares of the construction company's stock valued at $526,261,000 after purchasing an additional 1,935,786 shares during the period. Finally, Norges Bank bought a new stake in Quanta Services during the 4th quarter worth approximately $335,777,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of Quanta Services stock traded down $1.01 during trading on Thursday, hitting $255.00. 1,442,457 shares of the stock were exchanged, compared to its average volume of 934,334. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $265.82. The stock has a market capitalization of $37.33 billion, a price-to-earnings ratio of 50.90 and a beta of 1.10. The company has a fifty day moving average price of $250.25 and a 200-day moving average price of $213.88. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.19 billion. Quanta Services had a return on equity of 16.46% and a net margin of 3.57%. The business's revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 earnings per share. As a group, equities analysts predict that Quanta Services, Inc. will post 7.63 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Quanta Services from $190.00 to $225.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Citigroup increased their target price on Quanta Services from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Monday, April 22nd. Evercore ISI initiated coverage on Quanta Services in a report on Tuesday, February 13th. They issued an "outperform" rating and a $237.00 price target on the stock. TD Cowen increased their price objective on Quanta Services from $205.00 to $270.00 and gave the stock an "outperform" rating in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group boosted their target price on Quanta Services from $227.00 to $259.00 and gave the company a "buy" rating in a research note on Monday, February 26th. Three investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $247.67.

Insider Buying and Selling at Quanta Services

In related news, EVP Donald Wayne sold 1,101 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total value of $288,395.94. Following the completion of the sale, the executive vice president now directly owns 40,065 shares in the company, valued at approximately $10,494,626.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Quanta Services news, EVP Donald Wayne sold 1,101 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the transaction, the executive vice president now owns 40,065 shares in the company, valued at approximately $10,494,626.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Worthing Jackman sold 9,572 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total value of $2,271,531.32. Following the sale, the director now directly owns 7,486 shares in the company, valued at approximately $1,776,502.66. The disclosure for this sale can be found here. Insiders have sold a total of 47,125 shares of company stock valued at $11,270,215 in the last three months. 1.10% of the stock is currently owned by company insiders.

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.

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