Quanta Services, Inc. (NYSE:PWR) Shares Bought by Fielder Capital Group LLC

Fielder Capital Group LLC boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 6.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,871 shares of the construction company’s stock after acquiring an additional 115 shares during the period. Fielder Capital Group LLC’s holdings in Quanta Services were worth $476,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC raised its position in Quanta Services by 3.4% during the first quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company’s stock worth $277,000 after acquiring an additional 36 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Quanta Services by 2.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company’s stock worth $365,000 after acquiring an additional 37 shares during the period. Kerntke Otto McGlone Wealth Management Group grew its holdings in shares of Quanta Services by 3.0% during the first quarter. Kerntke Otto McGlone Wealth Management Group now owns 1,356 shares of the construction company’s stock worth $345,000 after buying an additional 39 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Quanta Services by 3.2% during the first quarter. Quent Capital LLC now owns 1,362 shares of the construction company’s stock worth $346,000 after buying an additional 42 shares in the last quarter. Finally, AlTi Global Inc. grew its holdings in shares of Quanta Services by 1.4% during the fourth quarter. AlTi Global Inc. now owns 3,300 shares of the construction company’s stock worth $1,112,000 after buying an additional 44 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Up 3.6%

Shares of NYSE:PWR opened at $422.06 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $424.94. The stock has a market capitalization of $62.57 billion, a P/E ratio of 68.07, a PEG ratio of 2.90 and a beta of 1.08. The stock has a 50-day simple moving average of $368.62 and a 200-day simple moving average of $315.86.

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

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Tuesday, July 1st. Quanta Services’s payout ratio is 6.45%.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of research reports. Truist Financial dropped 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. TD Cowen upped their target price on shares of Quanta Services from $335.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Stifel Nicolaus upped their target price on shares of Quanta Services from $363.00 to $411.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Evercore ISI upped their target price on shares of Quanta Services from $331.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Daiwa America raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Eleven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $362.25.

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.