Highview Capital Management LLC DE Increases Holdings in Quanta Services, Inc. (NYSE:PWR)

Highview Capital Management LLC DE increased its holdings in Quanta Services, Inc. (NYSE:PWR) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,738 shares of the construction company’s stock after buying an additional 520 shares during the quarter. Highview Capital Management LLC DE’s holdings in Quanta Services were worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PWR. Webster Bank N. A. lifted its stake in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after buying an additional 81 shares in the last quarter. Sierra Ocean LLC bought a new position in Quanta Services during the fourth quarter valued at approximately $27,000. Prestige Wealth Management Group LLC purchased a new position in shares of Quanta Services in the third quarter valued at $30,000. Legacy Investment Solutions LLC purchased a new position in shares of Quanta Services in the 3rd quarter worth $31,000. Finally, Sound Income Strategies LLC increased its stake in 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 acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group raised their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Bank of America initiated coverage on Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target on the stock. Truist Financial decreased their price target on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, BMO Capital Markets assumed coverage on Quanta Services in a report on Monday, February 3rd. They set an “outperform” rating and a $338.00 target price for the company. Four equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $330.50.

Quanta Services Price Performance

PWR stock opened at $285.13 on Monday. The stock has a market cap of $42.09 billion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. Quanta Services, Inc. has a 52-week low of $206.58 and a 52-week high of $365.88. The business has a fifty day moving average of $320.72 and a two-hundred day moving average of $304.69. 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 firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio is currently 7.38%.

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.