Guardian Wealth Management Inc. Purchases 865 Shares of Quanta Services, Inc. $PWR

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

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC raised 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 acquiring an additional 19 shares during the last quarter. Boreal Capital Management LLC acquired a new stake in shares of Quanta Services in the first quarter valued at approximately $27,000. JNBA Financial Advisors grew its position in shares of Quanta Services by 1,733.3% in the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company’s stock valued at $40,000 after purchasing an additional 52 shares during the last quarter. MADDEN SECURITIES Corp acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $48,000. Finally, Markowski Investments purchased a new position in shares of Quanta Services during the 2nd quarter worth approximately $55,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $580.59 on Thursday. The company has a 50-day simple moving average of $632.70 and a 200-day simple moving average of $625.80. 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 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 12 month low of $408.36 and a 12 month high of $788.75.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 29th. The construction company reported $6.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $1.04. Quanta Services had a net margin of 4.51% and a return on equity of 23.56%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter in the prior year, the firm posted $3.33 earnings per share. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. On average, equities analysts anticipate that Quanta Services, Inc. will post 16.61 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were issued 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 payout ratio is 3.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PWR. Wall Street Zen upgraded Quanta Services from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Jefferies Financial Group reiterated a “buy” rating and set a $760.00 target price on shares of Quanta Services in a report on Monday. Zacks Research raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group set a $781.00 price target on Quanta Services in a report on Thursday, October 22nd. Finally, KeyCorp raised Quanta Services from a “sector weight” rating to an “overweight” rating and set a $807.00 price target for the company in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently 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.