Captrust Financial Advisors Purchases 2,181 Shares of Quanta Services, Inc. (NYSE:PWR)

Captrust Financial Advisors raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 35.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,406 shares of the construction company's stock after buying an additional 2,181 shares during the period. Captrust Financial Advisors' holdings in Quanta Services were worth $2,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PWR. Vanguard Group Inc. boosted its position in Quanta Services by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock worth $5,375,828,000 after acquiring an additional 161,277 shares during the period. Capital World Investors increased its stake in Quanta Services by 14.1% in the 4th quarter. Capital World Investors now owns 7,223,471 shares of the construction company's stock valued at $2,282,978,000 after buying an additional 891,977 shares during the period. Geode Capital Management LLC grew its holdings in shares of Quanta Services by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company's stock valued at $1,121,830,000 after acquiring an additional 99,416 shares in the last quarter. Invesco Ltd. boosted its position in Quanta Services by 3.7% during the fourth quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company's stock valued at $604,871,000 after purchasing an additional 68,565 shares during the last quarter. Finally, Norges Bank acquired a new position in Quanta Services in the 4th quarter worth about $544,937,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group lowered their price target on Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Argus set a $375.00 target price on shares of Quanta Services in a research report on Monday, May 5th. Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Truist Financial lowered their target price on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Roth Mkm assumed coverage on Quanta Services in a research report on Friday, February 21st. They issued a "buy" rating and a $350.00 price target for the company. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $344.35.

Quanta Services Stock Performance

Quanta Services stock traded down $2.91 on Thursday, hitting $340.24. The company's stock had a trading volume of 1,393,162 shares, compared to its average volume of 1,617,205. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The firm has a market cap of $50.45 billion, a P/E ratio of 56.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $277.17 and a 200-day moving average price of $301.34.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm's revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. On average, equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were given a $0.10 dividend. 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 6.45%.

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.