Guardian Wealth Advisors LLC NC Purchases 889 Shares of Quanta Services, Inc. (NYSE:PWR)

Guardian Wealth Advisors LLC NC grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 15.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,667 shares of the construction company's stock after buying an additional 889 shares during the period. Guardian Wealth Advisors LLC NC's holdings in Quanta Services were worth $2,107,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Principal Financial Group Inc. grew its holdings in Quanta Services by 5.6% during the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after buying an additional 11,012 shares in the last quarter. First Hawaiian Bank raised its position in shares of Quanta Services by 62.2% in the fourth quarter. First Hawaiian Bank now owns 4,680 shares of the construction company's stock valued at $1,479,000 after purchasing an additional 1,795 shares during the period. Hilltop National Bank lifted its stake in shares of Quanta Services by 4.0% during the 4th quarter. Hilltop National Bank now owns 6,472 shares of the construction company's stock valued at $2,045,000 after buying an additional 248 shares in the last quarter. ORG Wealth Partners LLC boosted its holdings in Quanta Services by 71.9% in the 4th quarter. ORG Wealth Partners LLC now owns 550 shares of the construction company's stock worth $174,000 after buying an additional 230 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Quanta Services by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,910 shares of the construction company's stock valued at $920,000 after buying an additional 72 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

Shares of NYSE:PWR traded up $7.20 during mid-day trading on Tuesday, reaching $339.99. 187,300 shares of the company traded hands, compared to its average volume of 1,602,223. The company's 50 day moving average price is $273.14 and its 200-day moving average price is $300.75. The firm has a market cap of $50.41 billion, a PE ratio of 56.38, a PEG ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week 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 announced its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company's revenue was up 23.9% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. On average, equities analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is currently 6.45%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Stifel Nicolaus increased their target price on shares of Quanta Services from $306.00 to $363.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Bank of America initiated coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a "buy" rating and a $407.00 price objective on the stock. BMO Capital Markets set a $352.00 price target on Quanta Services in a research note on Friday, May 2nd. Finally, Truist Financial lowered their target price on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $344.35.

Quanta Services Company 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.