Quanta Services, Inc. $PWR Shares Newly Acquired by Guardian Wealth Management Inc.

Guardian Wealth Management Inc. acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 865 shares of the construction company’s stock, valued at approximately $556,000.

Several other hedge funds have also modified their holdings of PWR. Boreal Capital Management LLC purchased a new stake in Quanta Services in the first quarter valued at approximately $27,000. Cornerstone Financial Management LLC increased its position in Quanta Services by 70.4% during the second quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company’s stock worth $33,000 after purchasing an additional 19 shares during the last quarter. JNBA Financial Advisors increased its position in Quanta Services by 1,733.3% during the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company’s stock worth $40,000 after purchasing an additional 52 shares during the last quarter. SouthState Bank Corp raised its stake in Quanta Services by 23.5% during the first quarter. SouthState Bank Corp now owns 84 shares of the construction company’s stock worth $46,000 after purchasing an additional 16 shares during the period. Finally, MADDEN SECURITIES Corp purchased a new position in Quanta Services during the third quarter worth approximately $48,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 11.6%

PWR opened at $580.59 on Thursday. The firm has a 50 day moving average price of $632.70 and a 200 day moving average price of $625.80. The company has a market cap of $87.48 billion, a PE ratio of 52.59, a price-to-earnings-growth ratio of 1.68 and a beta of 1.29. Quanta Services, Inc. has a 1 year low of $408.36 and a 1 year high of $788.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.16.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating the consensus estimate 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%. Quanta Services’s revenue for the quarter was up 57.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.33 earnings per share. Sell-side analysts expect that Quanta Services, Inc. will post 16.61 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is presently 3.99%.

Analyst Ratings Changes

A number of brokerages have weighed in on PWR. Oppenheimer decreased their price target on shares of Quanta Services from $835.00 to $800.00 and set an “outperform” rating on the stock in a report on Monday. Guggenheim upgraded Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price objective for the company in a report on Friday, July 31st. Robert W. Baird set a $728.00 price objective on Quanta Services in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $760.00 target price on shares of Quanta Services in a research report on Monday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $862.00 target price on shares of Quanta Services in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus target price of $763.81.

Quanta Services 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.