Quanta Services, Inc. $PWR Shares Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. increased its stake in Quanta Services, Inc. (NYSE:PWR) by 7.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,505 shares of the construction company’s stock after purchasing an additional 987 shares during the period. Traynor Capital Management Inc.’s holdings in Quanta Services were worth $9,319,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Bartlett & CO. Wealth Management LLC grew its stake in Quanta Services by 2.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 513 shares of the construction company’s stock worth $282,000 after buying an additional 13 shares in the last quarter. Pincus Capital Management LP raised its position in shares of Quanta Services by 0.4% in the 1st quarter. Pincus Capital Management LP now owns 3,690 shares of the construction company’s stock valued at $2,026,000 after buying an additional 15 shares in the last quarter. SouthState Bank Corp raised its position in shares of Quanta Services by 23.5% in the 1st quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock valued at $46,000 after buying an additional 16 shares in the last quarter. Stiles Financial Services Inc lifted its holdings in shares of Quanta Services by 1.8% during the 1st quarter. Stiles Financial Services Inc now owns 987 shares of the construction company’s stock worth $542,000 after acquiring an additional 17 shares during the period. Finally, Ethos Financial Group LLC lifted its holdings in shares of Quanta Services by 1.8% during the 1st quarter. Ethos Financial Group LLC now owns 1,064 shares of the construction company’s stock worth $584,000 after acquiring an additional 19 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PWR. Wall Street Zen upgraded shares of Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday. Guggenheim upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price objective for the company in a research report on Friday, July 31st. Benchmark downgraded Quanta Services to a “sell” rating in a report on Friday, July 31st. BTIG Research lowered Quanta Services to a “hold” rating in a research note on Friday, July 31st. Finally, Sanford C. Bernstein raised Quanta Services from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $748.00 to $775.00 in a report on Thursday, September 24th. Twenty-three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $766.62.

Quanta Services Price Performance

PWR stock opened at $620.50 on Monday. The stock has a market cap of $93.50 billion, a price-to-earnings ratio of 56.20, a P/E/G ratio of 1.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 1.13. The company has a 50 day simple moving average of $632.80 and a 200 day simple moving average of $623.16. Quanta Services, Inc. has a 1 year low of $408.36 and a 1 year high of $788.75.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 29th. The construction company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.02 by $1.04. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $11.03 billion. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The company’s quarterly revenue was up 57.4% on a year-over-year basis. During the same quarter last year, the business posted $3.33 earnings per share. Research analysts anticipate that Quanta Services, Inc. will post 15.36 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were given a $0.11 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.44 annualized dividend and a yield of 0.1%. Quanta Services’s dividend payout ratio (DPR) is currently 3.99%.

Quanta Services Company Profile

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.