Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Paladin Wealth LLC

Paladin Wealth LLC raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,929 shares of the construction company’s stock after buying an additional 35 shares during the quarter. Paladin Wealth LLC’s holdings in Quanta Services were worth $610,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PWR. Equitable Trust Co. purchased a new stake in shares of Quanta Services in the 4th quarter valued at approximately $206,000. Aubrey Capital Management Ltd raised its stake in shares of Quanta Services by 0.8% in the 4th quarter. Aubrey Capital Management Ltd now owns 11,900 shares of the construction company’s stock valued at $3,762,000 after acquiring an additional 100 shares during the period. Savant Capital LLC lifted its holdings in shares of Quanta Services by 2.7% in the 4th quarter. Savant Capital LLC now owns 6,516 shares of the construction company’s stock worth $2,059,000 after acquiring an additional 170 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Quanta Services during the 4th quarter worth approximately $69,000. Finally, Kestra Private Wealth Services LLC increased its holdings in Quanta Services by 85.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company’s stock valued at $1,502,000 after purchasing an additional 2,184 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of NYSE PWR opened at $310.83 on Tuesday. The stock has a market cap of $45.88 billion, a P/E ratio of 57.35, a P/E/G ratio of 1.56 and a beta of 1.05. Quanta Services, Inc. has a twelve month low of $205.82 and a twelve month high of $365.88. The stock has a 50 day moving average of $324.00 and a two-hundred day moving average of $303.66. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58.

Quanta Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a $0.10 dividend. The ex-dividend date was Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 0.13%. Quanta Services’s payout ratio is currently 7.38%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup lowered their price target on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. UBS Group boosted their price target on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their price objective on shares of Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Daiwa Capital Markets began coverage on Quanta Services in a research note on Friday, December 6th. They issued an “outperform” rating and a $355.00 price objective on the stock. Finally, BMO Capital Markets started coverage on Quanta Services in a research report on Monday, February 3rd. They issued an “outperform” rating and a $338.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $330.50.

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.