Quanta Services, Inc. $PWR Shares Sold by Disciplina Capital Management LLC

Disciplina Capital Management LLC reduced its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 44.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 257 shares of the construction company’s stock after selling 202 shares during the quarter. Disciplina Capital Management LLC’s holdings in Quanta Services were worth $65,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new position in Quanta Services in the fourth quarter worth about $298,000. Guggenheim Capital LLC boosted its stake in Quanta Services by 182.3% during the 4th quarter. Guggenheim Capital LLC now owns 5,700 shares of the construction company’s stock valued at $1,801,000 after purchasing an additional 3,681 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Quanta Services by 66.1% in the 4th quarter. NewEdge Advisors LLC now owns 14,870 shares of the construction company’s stock valued at $4,700,000 after acquiring an additional 5,918 shares during the last quarter. Capital International Sarl increased its holdings in shares of Quanta Services by 25.5% in the fourth quarter. Capital International Sarl now owns 4,264 shares of the construction company’s stock valued at $1,348,000 after buying an additional 867 shares in the last quarter. Finally, Commerce Bank boosted its position in shares of Quanta Services by 141.0% in the fourth quarter. Commerce Bank now owns 13,127 shares of the construction company’s stock worth $4,149,000 after buying an additional 7,680 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on PWR. BMO Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $352.00 to $400.00 in a research note on Thursday, July 17th. Truist Financial upped their price objective on shares of Quanta Services from $375.00 to $472.00 and gave the stock a “buy” rating in a report on Monday, August 4th. TD Cowen raised their price objective on Quanta Services from $355.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $414.00 price target (up previously from $364.00) on shares of Quanta Services in a report on Wednesday, June 4th. Finally, DA Davidson raised their price target on Quanta Services from $305.00 to $395.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $392.45.

Quanta Services Stock Up 0.6%

Shares of NYSE:PWR opened at $379.96 on Monday. The company has a market capitalization of $56.62 billion, a PE ratio of 58.82, a P/E/G ratio of 2.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.37. The company’s fifty day moving average is $382.86 and its 200-day moving average is $322.73. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $424.94.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business’s revenue was up 21.1% on a year-over-year basis. Equities research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, July 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Tuesday, July 1st. Quanta Services’s dividend payout ratio (DPR) is presently 6.19%.

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.