Grandeur Peak Global Advisors LLC Purchases 81 Shares of Quanta Services, Inc. (NYSE:PWR)

Grandeur Peak Global Advisors LLC increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,355 shares of the construction company’s stock after purchasing an additional 81 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in Quanta Services were worth $1,060,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Webster Bank N. A. grew its position 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 acquiring an additional 81 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth about $27,000. Sound Income Strategies LLC boosted its holdings in Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares during the period. Centricity Wealth Management LLC purchased a new position in Quanta Services during the fourth quarter worth about $34,000. Finally, Versant Capital Management Inc increased its position in shares of Quanta Services by 62.5% in the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PWR shares. Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus lowered their target price on Quanta Services from $323.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday. Piper Sandler started coverage on Quanta Services in a research report on Tuesday. They set an “overweight” rating and a $286.00 price target on the stock. Roth Capital raised Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $319.25.

Quanta Services Stock Up 2.7 %

NYSE:PWR opened at $269.90 on Friday. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $365.88. The company has a market capitalization of $40.00 billion, a PE ratio of 44.76, a P/E/G ratio of 1.41 and a beta of 1.04. The firm’s 50-day moving average price is $267.21 and its 200-day moving average price is $302.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services’s payout ratio is 6.63%.

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.