Consilium Wealth Advisory LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,289 shares of the construction company’s stock, valued at approximately $966,000.
A number of other large investors have also recently made changes to their positions in the business. Sunburst Financial Group LLC increased its position in shares of Quanta Services by 2.0% during the fourth quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock worth $484,000 after acquiring an additional 22 shares in the last quarter. Spirepoint Private Client LLC lifted its position in Quanta Services by 2.0% in the 4th quarter. Spirepoint Private Client LLC now owns 1,107 shares of the construction company’s stock valued at $467,000 after acquiring an additional 22 shares in the last quarter. Rothschild Investment LLC boosted its stake in Quanta Services by 2.8% during the 3rd quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after purchasing an additional 23 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Quanta Services by 0.5% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock worth $1,968,000 after purchasing an additional 23 shares in the last quarter. Finally, Wealth Alliance LLC increased its holdings in Quanta Services by 1.4% during the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after purchasing an additional 23 shares in the last quarter. 90.49% of the stock is owned by institutional investors.
Quanta Services Stock Performance
Shares of PWR stock opened at $591.47 on Thursday. The firm has a 50-day moving average of $554.89 and a 200-day moving average of $482.41. The company has a market cap of $88.75 billion, a P/E ratio of 86.98, a P/E/G ratio of 2.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. Quanta Services, Inc. has a one year low of $251.04 and a one year high of $599.00.
Quanta Services Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 2nd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, April 2nd. Quanta Services’s dividend payout ratio (DPR) is 6.47%.
Wall Street Analyst Weigh In
PWR has been the subject of a number of recent research reports. UBS Group boosted their price objective on Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Evercore boosted their price objective on Quanta Services from $604.00 to $635.00 and gave the stock an “outperform” rating in a report on Wednesday, April 1st. Truist Financial reissued a “buy” rating and set a $643.00 price objective (up from $548.00) on shares of Quanta Services in a report on Friday, February 20th. Roth Mkm boosted their price objective on Quanta Services from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Finally, Sanford C. Bernstein increased their target price on shares of Quanta Services from $515.00 to $538.00 in a report on Wednesday, April 1st. Eighteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $595.50.
Quanta Services Profile
Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.
In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.
Further Reading
Want to see what other hedge funds are holding PWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services, Inc. (NYSE:PWR – Free Report).
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.
