Guyasuta Investment Advisors Inc. Decreases Stock Position in Quanta Services, Inc. (NYSE:PWR)

Guyasuta Investment Advisors Inc. lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 4.1% in the fourth quarter, Holdings Channel reports. The fund owned 70,085 shares of the construction company’s stock after selling 2,962 shares during the quarter. Quanta Services makes up about 1.4% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 23rd biggest holding. Guyasuta Investment Advisors Inc.’s holdings in Quanta Services were worth $22,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. boosted its holdings in Quanta Services by 4,050.0% in 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 during the period. Prestige Wealth Management Group LLC purchased a new position in shares of Quanta Services during the 3rd quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new position in shares of Quanta Services during the 3rd quarter valued at approximately $31,000. 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 valued at $33,000 after buying an additional 91 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

PWR has been the subject of several research analyst reports. Truist Financial reduced their target price on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Northland Securities reaffirmed an “outperform” rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Robert W. Baird increased 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. BMO Capital Markets began coverage on Quanta Services in a research note on Monday, February 3rd. They issued an “outperform” rating and a $338.00 price target for the company. Finally, UBS Group increased their price target on Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $330.50.

Quanta Services Trading Down 2.0 %

NYSE:PWR opened at $285.13 on Friday. The stock has a fifty day simple moving average of $320.72 and a 200 day simple moving average of $304.05. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 1-year low of $206.58 and a 1-year high of $365.88.

Quanta Services Increases Dividend

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

Quanta Services Company 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.