Quanta Services, Inc. (NYSE:PWR) Shares Bought by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. grew its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,269 shares of the construction company’s stock after acquiring an additional 3,184 shares during the period. Quanta Services comprises approximately 1.2% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 22nd biggest position. Guyasuta Investment Advisors Inc.’s holdings in Quanta Services were worth $18,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PWR. Brighton Jones LLC acquired a new position in Quanta Services during the 4th quarter worth $298,000. Union Bancaire Privee UBP SA acquired a new position in shares of Quanta Services in the 4th quarter valued at about $46,364,000. Private Advisor Group LLC grew its position in shares of Quanta Services by 2.0% during the 4th quarter. Private Advisor Group LLC now owns 9,774 shares of the construction company’s stock valued at $3,089,000 after buying an additional 187 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Quanta Services by 4.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,614 shares of the construction company’s stock valued at $1,142,000 after buying an additional 150 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at about $34,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Up 0.0%

Shares of NYSE:PWR opened at $360.51 on Friday. The company has a 50 day moving average of $326.30 and a 200-day moving average of $305.35. The firm has a market cap of $53.45 billion, a P/E ratio of 58.15, a P/E/G ratio of 2.81 and a beta of 1.07. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $367.00. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 EPS. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, July 1st. Quanta Services’s dividend payout ratio is currently 6.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Daiwa America raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. DA Davidson boosted their price objective on shares of Quanta Services from $295.00 to $305.00 and gave the company a “neutral” rating in a research report on Friday, May 2nd. TD Cowen boosted their price objective on shares of Quanta Services from $335.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Argus set a $375.00 price objective on shares of Quanta Services in a research report on Monday, May 5th. Finally, Evercore ISI boosted their price objective on shares of Quanta Services from $331.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $349.65.

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.