Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Savant Capital LLC

Savant Capital LLC boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,516 shares of the construction company’s stock after buying an additional 170 shares during the quarter. Savant Capital LLC’s holdings in Quanta Services were worth $2,059,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PWR. Webster Bank N. A. raised its position in shares of Quanta Services by 4,050.0% in the fourth 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 during the last quarter. Prestige Wealth Management Group LLC acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in Quanta Services during the third quarter worth approximately $31,000. Sound Income Strategies LLC boosted 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 buying an additional 91 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of 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 acquiring an additional 45 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PWR shares. Guggenheim started coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating for the company. BMO Capital Markets initiated coverage on Quanta Services in a research report on Monday, February 3rd. They issued an “outperform” rating and a $338.00 price objective for the company. Stifel Nicolaus lifted their target price on Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities reiterated an “outperform” rating and set a $328.00 price target (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Finally, Truist Financial reduced their price objective on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $330.50.

Quanta Services Stock Down 1.4 %

Quanta Services stock opened at $298.44 on Thursday. The firm has a market capitalization of $44.05 billion, a P/E ratio of 55.06, a P/E/G ratio of 1.56 and a beta of 1.05. 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 twelve month low of $205.82 and a twelve month high of $365.88. The stock’s fifty day simple moving average is $322.55 and its 200-day simple moving average is $303.94.

Quanta Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a 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 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.