Fidelis Capital Partners LLC Has $501,000 Holdings in Quanta Services, Inc. (NYSE:PWR)

Fidelis Capital Partners LLC boosted its position in Quanta Services, Inc. (NYSE:PWR) by 60.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,322 shares of the construction company’s stock after buying an additional 873 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Quanta Services were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PWR. Grove Bank & Trust boosted its position in shares of Quanta Services by 75.6% during the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock valued at $30,000 after acquiring an additional 68 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after acquiring an additional 52 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Quanta Services during the 4th quarter valued at about $26,000. Geneos Wealth Management Inc. boosted its position in shares of Quanta Services by 1,730.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 183 shares of the construction company’s stock valued at $34,000 after acquiring an additional 173 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Quanta Services during the 4th quarter valued at about $41,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Up 0.4 %

Shares of PWR traded up $0.89 on Friday, reaching $246.57. 205,793 shares of the company’s stock were exchanged, compared to its average volume of 914,636. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $36.09 billion, a P/E ratio of 49.04 and a beta of 1.11. The business has a 50 day moving average price of $242.03 and a two-hundred day moving average price of $208.31. Quanta Services, Inc. has a 12 month low of $153.74 and a 12 month high of $265.82.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 earnings per share. Research analysts anticipate that Quanta Services, Inc. will post 7.63 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Monday, April 8th. Quanta Services’s dividend payout ratio is currently 7.19%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen lifted their price target on shares of Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Evercore ISI assumed coverage on shares of Quanta Services in a report on Tuesday, February 13th. They set an “outperform” rating and a $237.00 price target for the company. DA Davidson lifted their price target on shares of Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group lifted their price target on shares of Quanta Services from $227.00 to $259.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Citigroup lifted their price target on shares of Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.54.

Insider Activity at Quanta Services

In other news, Director Worthing Jackman sold 9,572 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total value of $2,271,531.32. Following the completion of the transaction, the director now owns 7,486 shares in the company, valued at $1,776,502.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 value of $288,395.94. Following the sale, the executive vice president now owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Worthing Jackman sold 9,572 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the completion of the sale, the director now directly owns 7,486 shares in the company, valued at approximately $1,776,502.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,125 shares of company stock worth $11,270,215. 1.20% of the stock is currently owned by company insiders.

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.