Lionsbridge Wealth Management LLC Has $3.43 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Lionsbridge Wealth Management LLC lowered its position in Quanta Services, Inc. (NYSE:PWR) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,866 shares of the construction company’s stock after selling 1,097 shares during the quarter. Quanta Services makes up about 2.9% of Lionsbridge Wealth Management LLC’s portfolio, making the stock its 10th biggest position. Lionsbridge Wealth Management LLC’s holdings in Quanta Services were worth $3,434,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in Quanta Services by 44.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 545 shares of the construction company’s stock valued at $172,000 after purchasing an additional 169 shares during the period. Bremer Bank National Association boosted its stake in shares of Quanta Services by 0.7% during the fourth quarter. Bremer Bank National Association now owns 19,205 shares of the construction company’s stock valued at $6,070,000 after purchasing an additional 127 shares in the last quarter. Strong Tower Advisory Services increased its holdings in Quanta Services by 0.5% during the fourth quarter. Strong Tower Advisory Services now owns 21,019 shares of the construction company’s stock valued at $6,643,000 after buying an additional 99 shares during the period. Sarasin & Partners LLP raised its stake in Quanta Services by 26.6% in the fourth quarter. Sarasin & Partners LLP now owns 21,318 shares of the construction company’s stock worth $6,738,000 after buying an additional 4,482 shares in the last quarter. Finally, Trueblood Wealth Management LLC lifted its holdings in Quanta Services by 3.9% during the fourth quarter. Trueblood Wealth Management LLC now owns 1,690 shares of the construction company’s stock worth $534,000 after buying an additional 64 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PWR has been the topic of a number of analyst reports. UBS Group lifted their price target on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. TD Cowen lifted their target price on Quanta Services from $280.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Citigroup increased their price target on shares of Quanta Services from $348.00 to $394.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Daiwa Capital Markets started coverage on shares of Quanta Services in a research note on Friday, December 6th. They set an “outperform” rating and a $355.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on shares of Quanta Services from $343.00 to $374.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $324.19.

Quanta Services Stock Performance

PWR opened at $337.10 on Monday. The firm has a 50 day moving average of $329.35 and a two-hundred day moving average of $296.78. The firm has a market capitalization of $49.76 billion, a PE ratio of 62.20 and a beta of 1.06. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12-month low of $187.27 and a 12-month high of $350.19.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.46 by $0.26. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.08 earnings per share. On average, analysts anticipate that Quanta Services, Inc. will post 7.9 EPS for the current year.

Quanta Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s 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.