Global Retirement Partners LLC Sells 133 Shares of Quanta Services, Inc. (NYSE:PWR)

Global Retirement Partners LLC reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,664 shares of the construction company’s stock after selling 133 shares during the period. Global Retirement Partners LLC’s holdings in Quanta Services were worth $5,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Webster Bank N. A. grew its stake in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new position in Quanta Services during the fourth quarter worth $27,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services in the third quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in Quanta Services during the 3rd quarter worth about $31,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR opened at $286.71 on Wednesday. The firm has a market cap of $42.32 billion, a PE ratio of 52.90, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. Quanta Services, Inc. has a 52-week low of $206.58 and a 52-week high of $365.88. The business’s 50 day moving average price is $319.99 and its two-hundred day moving average price is $304.91. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Thursday, January 2nd. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s payout ratio is presently 7.38%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PWR shares. Robert W. Baird upped their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Guggenheim began coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. Citigroup decreased their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Finally, Northland Securities reiterated an “outperform” rating and issued a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.