Quanta Services, Inc. (NYSE:PWR) Stock Holdings Increased by Avior Wealth Management LLC

Avior Wealth Management LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 41.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,380 shares of the construction company’s stock after acquiring an additional 407 shares during the quarter. Avior Wealth Management LLC’s holdings in Quanta Services were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wealth Alliance lifted its position in shares of Quanta Services by 3.6% in the fourth quarter. Wealth Alliance now owns 2,264 shares of the construction company’s stock worth $489,000 after purchasing an additional 78 shares in the last quarter. Riverstone Advisors LLC purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $221,000. Flputnam Investment Management Co. purchased a new stake in shares of Quanta Services in the fourth quarter worth approximately $474,000. Bourgeon Capital Management LLC bought a new position in Quanta Services during the fourth quarter valued at approximately $4,085,000. Finally, Mackenzie Financial Corp raised its position in Quanta Services by 5.8% during the fourth quarter. Mackenzie Financial Corp now owns 12,169 shares of the construction company’s stock valued at $2,626,000 after acquiring an additional 669 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PWR shares. Stifel Nicolaus raised their price objective on shares of Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. KeyCorp started coverage on shares of Quanta Services in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Truist Financial started coverage on shares of Quanta Services in a research report on Thursday, March 14th. They set a “buy” rating and a $301.00 price objective on the stock. DA Davidson raised their price objective on shares of Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Finally, 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 research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.54.

Insiders Place Their Bets

In other Quanta Services news, Director Worthing Jackman sold 9,572 shares of Quanta Services stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the sale, 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 Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the sale, the executive vice president now owns 263,725 shares in the company, valued at $62,476,452.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Worthing Jackman sold 9,572 shares of Quanta Services stock in a transaction 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 transaction, the director now directly owns 7,486 shares of the company’s stock, valued at $1,776,502.66. The disclosure for this sale can be found here. Insiders have sold 47,125 shares of company stock worth $11,270,215 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Quanta Services Trading Down 1.0 %

Shares of Quanta Services stock opened at $243.26 on Friday. The company’s fifty day simple moving average is $242.69 and its 200-day simple moving average is $208.77. The company has a market cap of $35.61 billion, a price-to-earnings ratio of 48.55 and a beta of 1.11. 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 $265.82.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.21. The business had revenue of $5.78 billion for 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 quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the company posted $1.54 earnings per share. As a group, sell-side analysts expect that Quanta Services, Inc. will post 7.63 EPS for the current year.

Quanta Services Dividend Announcement

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

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.