Great Lakes Retirement Inc. Has $4.30 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Great Lakes Retirement Inc. lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,611 shares of the construction company’s stock after selling 46 shares during the period. Great Lakes Retirement Inc.’s holdings in Quanta Services were worth $4,302,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Webster Bank N. A. boosted its stake in shares of Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in Quanta Services in the 3rd quarter valued at approximately $31,000. Prestige Wealth Management Group LLC acquired a new stake in Quanta Services in the third quarter valued at approximately $30,000. Sound Income Strategies LLC increased its holdings in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after buying an additional 91 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Quanta Services by 62.5% in the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Down 2.6 %

Shares of NYSE:PWR opened at $302.45 on Wednesday. The stock has a market cap of $44.64 billion, a price-to-earnings ratio of 55.80, a PEG ratio of 1.56 and a beta of 1.05. The business’s 50 day moving average is $323.25 and its 200 day moving average is $303.98. Quanta Services, Inc. has a 12-month low of $205.82 and a 12-month high of $365.88. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Quanta Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PWR shares. Northland Securities reiterated an “outperform” rating and set a $328.00 target price (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. UBS Group upped their price target on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. TD Cowen lifted their price objective on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Truist Financial reduced their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Daiwa Capital Markets began coverage on shares of Quanta Services in a report on Friday, December 6th. They set an “outperform” rating and a $355.00 price target for the company. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $330.50.

Quanta Services 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.