160,000 Shares in Quanta Services, Inc. (NYSE:PWR) Acquired by Greenvale Capital LLP

Greenvale Capital LLP acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, Holdings Channel.com reports. The firm acquired 160,000 shares of the construction company’s stock, valued at approximately $50,568,000. Quanta Services accounts for about 3.7% of Greenvale Capital LLP’s holdings, making the stock its 11th biggest position.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake in shares of Quanta Services by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 29 shares during the last quarter. Commonwealth Financial Services LLC lifted its stake in Quanta Services by 2.6% during the 4th quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock valued at $364,000 after acquiring an additional 29 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Quanta Services by 0.9% during the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock worth $1,050,000 after acquiring an additional 31 shares during the last quarter. Moody Lynn & Lieberson LLC raised its holdings in shares of Quanta Services by 0.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock valued at $1,941,000 after purchasing an additional 32 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Quanta Services by 7.8% during the fourth quarter. Larson Financial Group LLC now owns 456 shares of the construction company’s stock valued at $144,000 after purchasing an additional 33 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PWR shares. BMO Capital Markets set a $352.00 price objective on shares of Quanta Services in a research report on Friday, May 2nd. TD Cowen lifted their price target on Quanta Services from $335.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial reduced their price objective on Quanta Services from $398.00 to $324.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Evercore ISI lifted their target price on Quanta Services from $331.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Argus set a $375.00 price target on shares of Quanta Services in a research report on Monday. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $344.35.

Quanta Services Trading Down 0.1 %

Quanta Services stock opened at $326.00 on Friday. The stock has a market cap of $48.33 billion, a P/E ratio of 54.06, a PEG ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88. The firm’s fifty day moving average price is $271.55 and its 200-day moving average price is $300.68. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $5.88 billion. During the same period in the prior year, the business earned $1.41 earnings per share. Quanta Services’s revenue for the quarter was up 23.9% compared to the same quarter last year. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services’s dividend payout ratio (DPR) is currently 6.45%.

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.