Values First Advisors Inc. Decreases Stock Position in Quanta Services, Inc. (NYSE:PWR)

Values First Advisors Inc. decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 40.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 836 shares of the construction company’s stock after selling 563 shares during the period. Values First Advisors Inc.’s holdings in Quanta Services were worth $264,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alkeon Capital Management LLC increased its position in shares of Quanta Services by 62.5% during the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after acquiring an additional 250,000 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Quanta Services during the 4th quarter worth approximately $46,364,000. International Assets Investment Management LLC increased its holdings in Quanta Services by 29,655.3% during the 3rd quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock worth $44,269,000 after purchasing an additional 147,980 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Quanta Services by 81.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after purchasing an additional 125,530 shares in the last quarter. Finally, Meitav Investment House Ltd. purchased a new position in shares of Quanta Services during the 3rd quarter valued at approximately $27,430,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Down 1.4 %

PWR stock opened at $298.44 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The firm’s 50-day simple moving average is $322.55 and its 200 day simple moving average is $303.94. The stock has a market cap of $44.05 billion, a PE ratio of 55.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. Quanta Services, Inc. has a fifty-two week low of $205.82 and a fifty-two week high of $365.88.

Quanta Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.10 per share. The ex-dividend date was Thursday, January 2nd. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. Quanta Services’s payout ratio is currently 7.38%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PWR shares. Bank of America started coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target on the stock. Truist Financial cut their target price on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Citigroup decreased their price target on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus upped their price objective on Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird lifted their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $330.50.

Quanta Services Profile

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.