Headinvest LLC Acquires 48 Shares of Quanta Services, Inc. (NYSE:PWR)

Headinvest LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 926 shares of the construction company’s stock after acquiring an additional 48 shares during the period. Headinvest LLC’s holdings in Quanta Services were worth $293,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PWR. Banque Transatlantique SA bought a new stake in shares of Quanta Services during the 4th quarter valued at approximately $25,000. Webster Bank N. A. increased its holdings in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after buying an additional 81 shares in the last quarter. Quarry LP acquired a new position in shares of Quanta Services during the fourth quarter worth $26,000. Sierra Ocean LLC bought a new position in shares of Quanta Services in the 4th quarter valued at $27,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR opened at $330.71 on Friday. The firm has a market cap of $49.03 billion, a PE ratio of 54.84, a price-to-earnings-growth 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 business’s 50 day moving average price is $287.86 and its two-hundred day moving average price is $302.71. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The company 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%. Quanta Services’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 EPS. On average, equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. Quanta Services’s dividend payout ratio is presently 6.45%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. BMO Capital Markets set a $352.00 price objective on shares of Quanta Services in a report on Friday, May 2nd. The Goldman Sachs Group reduced their target price on shares of Quanta Services from $418.00 to $364.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, B. Riley lifted their price target on shares of Quanta Services from $300.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.