Quanta Services, Inc. (NYSE:PWR) Stock Holdings Decreased by Values Added Financial LLC

Values Added Financial LLC reduced its position in Quanta Services, Inc. (NYSE:PWR) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,340 shares of the construction company’s stock after selling 125 shares during the period. Values Added Financial LLC’s holdings in Quanta Services were worth $289,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PWR. Nordea Investment Management AB grew its position in Quanta Services by 8,297.7% during the fourth quarter. Nordea Investment Management AB now owns 912,413 shares of the construction company’s stock valued at $196,205,000 after purchasing an additional 901,548 shares in the last quarter. Marion Wealth Management purchased a new position in Quanta Services during the fourth quarter valued at approximately $1,233,000. Advisor Resource Council grew its position in Quanta Services by 261.4% during the fourth quarter. Advisor Resource Council now owns 7,604 shares of the construction company’s stock valued at $1,641,000 after purchasing an additional 5,500 shares in the last quarter. WASHINGTON TRUST Co grew its position in Quanta Services by 2,825.8% during the fourth quarter. WASHINGTON TRUST Co now owns 51,202 shares of the construction company’s stock valued at $11,049,000 after purchasing an additional 49,452 shares in the last quarter. Finally, Petix & Botte Co grew its position in Quanta Services by 100.0% during the second quarter. Petix & Botte Co now owns 5,344 shares of the construction company’s stock valued at $1,050,000 after purchasing an additional 2,672 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. KeyCorp assumed coverage on shares of Quanta Services in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Evercore ISI assumed coverage on shares of Quanta Services in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $237.00 target price for the company. Truist Financial assumed coverage on shares of Quanta Services in a research note on Thursday, March 14th. They issued a “buy” rating and a $301.00 target price for the company. Citigroup lifted their target price on shares of Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, TD Cowen lifted their target price on shares of Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $239.54.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $259.62 on Friday. The firm has a fifty day simple moving average of $225.49 and a 200-day simple moving average of $201.92. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $262.01. The stock has a market capitalization of $37.84 billion, a price-to-earnings ratio of 51.82 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.21. The business had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. Quanta Services’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.54 earnings per share. On average, sell-side analysts expect that Quanta Services, Inc. will post 7.63 earnings per share for the current year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.14%. Quanta Services’s payout ratio is currently 7.19%.

Insider Activity at Quanta Services

In related news, EVP Donald Wayne sold 1,101 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the transaction, the executive vice president now directly owns 40,065 shares in the company, valued at approximately $10,494,626.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total value of $4,382,650.00. Following the sale, the executive vice president now owns 263,725 shares of the company’s stock, valued at approximately $62,476,452.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald Wayne sold 1,101 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the sale, the executive vice president now directly owns 40,065 shares in the company, valued at approximately $10,494,626.10. The disclosure for this sale can be found here. Insiders sold a total of 47,125 shares of company stock worth $11,270,215 in the last ninety days. 1.20% of the stock is currently owned by insiders.

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.