Advisory Alpha LLC Invests $337,000 in Quanta Services, Inc. (NYSE:PWR)

Advisory Alpha LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,066 shares of the construction company’s stock, valued at approximately $337,000.

Several other large investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Quanta Services by 0.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 40,966 shares of the construction company’s stock worth $12,947,000 after buying an additional 360 shares during the period. Transform Wealth LLC increased its position in shares of Quanta Services by 6.2% during the fourth quarter. Transform Wealth LLC now owns 42,256 shares of the construction company’s stock worth $13,355,000 after buying an additional 2,471 shares during the period. Alpha Cubed Investments LLC grew its holdings in Quanta Services by 0.7% in the fourth quarter. Alpha Cubed Investments LLC now owns 188,333 shares of the construction company’s stock worth $59,523,000 after purchasing an additional 1,365 shares during the period. First United Bank & Trust grew its holdings in Quanta Services by 67.0% in the fourth quarter. First United Bank & Trust now owns 1,979 shares of the construction company’s stock worth $625,000 after purchasing an additional 794 shares during the period. Finally, Reliant Investment Management LLC grew its holdings in Quanta Services by 0.8% in the fourth quarter. Reliant Investment Management LLC now owns 27,346 shares of the construction company’s stock worth $8,643,000 after purchasing an additional 205 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on PWR. Daiwa Capital Markets began coverage on shares of Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target for the company. UBS Group raised their price target on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Truist Financial dropped their price objective on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Citigroup raised their price objective on shares of Quanta Services from $348.00 to $394.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Guggenheim started coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.06.

Quanta Services Stock Performance

Shares of PWR stock opened at $354.52 on Friday. The firm has a market cap of $52.33 billion, a price-to-earnings ratio of 65.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services, Inc. has a 52 week low of $192.62 and a 52 week high of $365.88. The firm’s 50-day simple moving average is $330.71 and its two-hundred day simple moving average is $298.51.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.46 by $0.26. The business 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 company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.08 earnings per share. As a group, equities analysts forecast that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.10 dividend. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.11%. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

About Quanta Services

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.