Transform Wealth LLC Has $13.36 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Transform Wealth LLC raised its holdings in Quanta Services, Inc. (NYSE:PWRFree Report) by 6.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,256 shares of the construction company’s stock after acquiring an additional 2,471 shares during the quarter. Transform Wealth LLC’s holdings in Quanta Services were worth $13,355,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HB Wealth Management LLC raised its stake in shares of Quanta Services by 0.9% during the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock worth $1,050,000 after purchasing an additional 31 shares during the period. Cascade Investment Group Inc. boosted its stake in Quanta Services by 1.2% in the fourth quarter. Cascade Investment Group Inc. now owns 2,687 shares of the construction company’s stock valued at $849,000 after acquiring an additional 32 shares during the last quarter. Resurgent Financial Advisors LLC grew its position in shares of Quanta Services by 0.7% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock valued at $1,423,000 after acquiring an additional 33 shares during the period. Tower Wealth Partners Inc. raised its holdings in shares of Quanta Services by 3.1% in the 3rd quarter. Tower Wealth Partners Inc. now owns 1,122 shares of the construction company’s stock worth $335,000 after purchasing an additional 34 shares during the period. Finally, Huntington National Bank grew its holdings in Quanta Services by 2.9% during the third quarter. Huntington National Bank now owns 1,240 shares of the construction company’s stock valued at $370,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PWR. Daiwa Capital Markets assumed coverage on Quanta Services in a research note on Friday, December 6th. They set an “outperform” rating and a $355.00 price target for the company. Guggenheim began coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. TD Cowen boosted their target price on shares of Quanta Services from $280.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Stifel Nicolaus lifted their price target on Quanta Services from $343.00 to $374.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Daiwa America raised Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Four equities 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $324.19.

View Our Latest Stock Report on PWR

Quanta Services Trading Up 0.3 %

Quanta Services stock opened at $337.10 on Tuesday. Quanta Services, Inc. has a one year low of $187.27 and a one year high of $350.19. The business’s fifty day moving average is $329.50 and its 200 day moving average is $297.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $49.76 billion, a PE ratio of 62.20 and a beta of 1.06.

Quanta Services (NYSE:PWRGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.26. The firm had revenue of $6.49 billion during 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 business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share. On average, sell-side analysts predict that Quanta Services, Inc. will post 7.9 EPS for the current year.

Quanta Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were issued 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 dividend on an annualized basis and a yield of 0.12%. Quanta Services’s dividend payout ratio is currently 7.38%.

Quanta Services Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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