Quanta Services, Inc. (NYSE:PWR) Holdings Raised by RPG Investment Advisory LLC

RPG Investment Advisory LLC raised its stake in Quanta Services, Inc. (NYSE:PWRGet Rating) by 29.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 112,062 shares of the construction company’s stock after purchasing an additional 25,197 shares during the period. Quanta Services accounts for approximately 2.4% of RPG Investment Advisory LLC’s holdings, making the stock its 9th biggest holding. RPG Investment Advisory LLC owned 0.08% of Quanta Services worth $14,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. increased its position in shares of Quanta Services by 435.0% in the 4th quarter. Benjamin Edwards Inc. now owns 214 shares of the construction company’s stock worth $25,000 after purchasing an additional 174 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Quanta Services during the 1st quarter valued at about $34,000. First Horizon Advisors Inc. grew its position in shares of Quanta Services by 113.3% during the 4th quarter. First Horizon Advisors Inc. now owns 320 shares of the construction company’s stock valued at $35,000 after buying an additional 170 shares during the last quarter. Allworth Financial LP grew its position in shares of Quanta Services by 1,656.3% during the 1st quarter. Allworth Financial LP now owns 281 shares of the construction company’s stock valued at $37,000 after buying an additional 265 shares during the last quarter. Finally, Cyrus J. Lawrence LLC bought a new stake in shares of Quanta Services during the 1st quarter valued at about $38,000. Institutional investors own 87.16% of the company’s stock.

Insider Transactions at Quanta Services

In other news, Director Vincent D. Foster sold 14,948 shares of Quanta Services stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $119.01, for a total value of $1,778,961.48. Following the transaction, the director now directly owns 204,925 shares in the company, valued at $24,388,124.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Vincent D. Foster sold 14,948 shares of Quanta Services stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $119.01, for a total value of $1,778,961.48. Following the transaction, the director now directly owns 204,925 shares in the company, valued at $24,388,124.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Earl C. Jr. Austin sold 135,000 shares of the business’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $126.48, for a total value of $17,074,800.00. Following the transaction, the chief executive officer now owns 689,030 shares in the company, valued at $87,148,514.40. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Quanta Services Price Performance

Shares of NYSE PWR traded down $0.01 during mid-day trading on Wednesday, reaching $142.42. The company had a trading volume of 18,111 shares, compared to its average volume of 1,180,995. The company has a current ratio of 1.56, a quick ratio of 1.53 and a debt-to-equity ratio of 0.75. The stock has a market cap of $20.37 billion, a PE ratio of 46.24 and a beta of 1.10. The company has a 50-day moving average price of $130.16 and a two-hundred day moving average price of $122.59. Quanta Services, Inc. has a 1-year low of $92.86 and a 1-year high of $146.84.

Quanta Services (NYSE:PWRGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The construction company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.16. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.03 billion. Quanta Services had a return on equity of 15.97% and a net margin of 2.92%. Quanta Services’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, equities analysts anticipate that Quanta Services, Inc. will post 5.73 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.20%. Quanta Services’s dividend payout ratio is currently 9.09%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PWR. Credit Suisse Group boosted their price objective on shares of Quanta Services to $168.00 in a research report on Tuesday, August 9th. Cowen boosted their target price on shares of Quanta Services from $145.00 to $155.00 in a research note on Thursday, August 11th. Argus initiated coverage on shares of Quanta Services in a research note on Friday, July 15th. They set a “buy” rating and a $150.00 target price for the company. Citigroup boosted their target price on shares of Quanta Services from $145.00 to $152.00 in a research note on Friday, July 22nd. Finally, B. Riley boosted their target price on shares of Quanta Services from $129.00 to $138.00 in a research note on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $148.00.

About Quanta Services

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Quanta Services, Inc provides specialty contracting services worldwide. The 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; energized 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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