EP Wealth Advisors LLC Makes New $205,000 Investment in Quanta Services, Inc. (NYSE:PWR)

EP Wealth Advisors LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,822 shares of the construction company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ProShare Advisors LLC acquired a new position in shares of Quanta Services in the 1st quarter valued at $3,504,000. Old North State Trust LLC increased its holdings in shares of Quanta Services by 45.7% in the 1st quarter. Old North State Trust LLC now owns 523 shares of the construction company’s stock valued at $87,000 after acquiring an additional 164 shares during the period. Toroso Investments LLC increased its holdings in shares of Quanta Services by 16.7% in the 1st quarter. Toroso Investments LLC now owns 5,737 shares of the construction company’s stock valued at $956,000 after acquiring an additional 821 shares during the period. Putnam Investments LLC increased its holdings in shares of Quanta Services by 0.4% in the 1st quarter. Putnam Investments LLC now owns 50,295 shares of the construction company’s stock valued at $8,381,000 after acquiring an additional 220 shares during the period. Finally, Centaurus Financial Inc. increased its holdings in shares of Quanta Services by 16.5% in the 1st quarter. Centaurus Financial Inc. now owns 2,645 shares of the construction company’s stock valued at $441,000 after acquiring an additional 374 shares during the period. Institutional investors and hedge funds own 87.86% of the company’s stock.

Insider Transactions at Quanta Services

In other news, EVP Donald Wayne sold 5,000 shares of Quanta Services stock in a transaction on Friday, September 1st. The stock was sold at an average price of $210.92, for a total transaction of $1,054,600.00. Following the completion of the transaction, the executive vice president now owns 41,323 shares of the company’s stock, valued at approximately $8,715,847.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Northland Securities lifted their target price on shares of Quanta Services from $190.00 to $210.00 in a report on Friday, August 4th. DA Davidson lifted their price objective on shares of Quanta Services from $170.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Robert W. Baird reiterated an “outperform” rating and issued a $219.00 price objective on shares of Quanta Services in a research report on Thursday, September 14th. Citigroup lifted their price objective on shares of Quanta Services from $192.00 to $234.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Finally, Credit Suisse Group lifted their price objective on shares of Quanta Services from $201.00 to $238.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $205.27.

Quanta Services Price Performance

Shares of NYSE PWR opened at $197.70 on Tuesday. The firm has a market capitalization of $28.71 billion, a P/E ratio of 50.43 and a beta of 1.08. Quanta Services, Inc. has a one year low of $123.25 and a one year high of $212.82. The company’s fifty day moving average is $203.30 and its two-hundred day moving average is $183.49. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.64 and a current ratio of 1.68.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, August 3rd. The construction company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.06). The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $4.69 billion. Quanta Services had a return on equity of 15.48% and a net margin of 3.16%. Analysts forecast that Quanta Services, Inc. will post 6.47 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Friday, September 29th. Quanta Services’s dividend payout ratio (DPR) is presently 8.16%.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.