Lagoda Investment Management L.P. Grows Position in Quanta Services, Inc. (NYSE:PWR)

Lagoda Investment Management L.P. raised its position in Quanta Services, Inc. (NYSE:PWR) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,105 shares of the construction company’s stock after acquiring an additional 100 shares during the quarter. Quanta Services makes up 0.2% of Lagoda Investment Management L.P.’s portfolio, making the stock its 25th biggest holding. Lagoda Investment Management L.P.’s holdings in Quanta Services were worth $349,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PWR. Principal Financial Group Inc. lifted its holdings in Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock valued at $61,932,000 after acquiring an additional 11,012 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Quanta Services by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,910 shares of the construction company’s stock valued at $920,000 after acquiring an additional 72 shares during the period. Czech National Bank lifted its holdings in Quanta Services by 6.6% in the fourth quarter. Czech National Bank now owns 32,006 shares of the construction company’s stock valued at $10,115,000 after acquiring an additional 1,994 shares during the period. Fiduciary Alliance LLC lifted its holdings in Quanta Services by 26.6% in the fourth quarter. Fiduciary Alliance LLC now owns 26,870 shares of the construction company’s stock valued at $8,492,000 after acquiring an additional 5,643 shares during the period. Finally, Brookstone Capital Management lifted its holdings in Quanta Services by 22.2% in the fourth quarter. Brookstone Capital Management now owns 29,982 shares of the construction company’s stock valued at $9,476,000 after acquiring an additional 5,445 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $326.00 on Monday. The stock has a market cap of $48.33 billion, a price-to-earnings ratio of 54.06, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock has a 50 day moving average price of $271.55 and a 200-day moving average price of $300.57. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.41 EPS. Equities analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services’s dividend payout ratio is currently 6.45%.

Wall Street Analysts Forecast Growth

PWR has been the topic of several recent research reports. Piper Sandler set a $360.00 price objective on Quanta Services and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Bank of America initiated coverage on Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective on the stock. Truist Financial decreased their price objective on Quanta Services from $398.00 to $324.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Roth Capital raised Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their price objective on Quanta Services from $418.00 to $364.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $344.35.

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.