Janney Capital Management LLC Purchases New Position in Quanta Services, Inc. (NYSE:PWR)

Janney Capital Management LLC acquired a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,409 shares of the construction company's stock, valued at approximately $6,346,000.

Several other institutional investors have also modified their holdings of the stock. Hazlett Burt & Watson Inc. lifted its position in Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company's stock worth $34,000 after acquiring an additional 52 shares during the period. Valley National Advisers Inc. acquired a new stake in Quanta Services during the 4th quarter worth about $41,000. NBC Securities Inc. acquired a new stake in Quanta Services during the 3rd quarter worth about $36,000. Vestor Capital LLC acquired a new stake in Quanta Services during the 4th quarter worth about $42,000. Finally, Planned Solutions Inc. acquired a new stake in Quanta Services during the 4th quarter worth about $43,000. 90.49% of the stock is owned by institutional investors.

Insider Activity at Quanta Services

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 transaction of $4,382,650.00. Following the completion of the transaction, the executive vice president now directly owns 263,725 shares of the company's stock, valued at $62,476,452.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Donald Wayne sold 8,842 shares of Quanta Services stock in a transaction on Monday, March 4th. The shares were sold at an average price of $242.27, for a total transaction of $2,142,151.34. Following the sale, the executive vice president now owns 44,129 shares of the company's stock, valued at approximately $10,691,132.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 47,125 shares of company stock worth $11,270,215 in the last three months. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus raised their target price on Quanta Services from $237.00 to $252.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Robert W. Baird lifted their target price on shares of Quanta Services from $265.00 to $287.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. TD Cowen raised their price target on shares of Quanta Services from $205.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. DA Davidson increased their price objective on Quanta Services from $225.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, May 7th. Finally, Citigroup increased their price objective on Quanta Services from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $262.00.

Quanta Services Stock Performance

NYSE PWR traded down $2.07 on Tuesday, reaching $263.36. The stock had a trading volume of 1,041,791 shares, compared to its average volume of 942,088. The stock has a market cap of $38.55 billion, a P/E ratio of 51.04 and a beta of 1.10. Quanta Services, Inc. has a 12-month low of $153.74 and a 12-month high of $273.00. The business's 50-day moving average price is $254.07 and its 200 day moving average price is $219.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.21. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. The firm had revenue of $5.78 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same quarter in the prior year, the business earned $1.54 EPS. Quanta Services's quarterly revenue was up 31.0% compared to the same quarter last year. As a group, equities analysts expect that Quanta Services, Inc. will post 7.68 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were paid 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 of this dividend was Monday, April 8th. Quanta Services's dividend payout ratio (DPR) is presently 6.98%.

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.

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