Quadrant Capital Group LLC Purchases 207 Shares of Quanta Services, Inc. (NYSE:PWR)

Quadrant Capital Group LLC raised its position in shares of Quanta Services, Inc. (NYSE:PWRGet Rating) by 17.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,371 shares of the construction company’s stock after acquiring an additional 207 shares during the period. Quadrant Capital Group LLC’s holdings in Quanta Services were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. BDO Wealth Advisors LLC increased its position in Quanta Services by 1.4% during the first quarter. BDO Wealth Advisors LLC now owns 20,200 shares of the construction company’s stock valued at $2,659,000 after acquiring an additional 285 shares during the last quarter. AM Investment Strategies LLC grew its holdings in shares of Quanta Services by 18.7% in the first quarter. AM Investment Strategies LLC now owns 3,564 shares of the construction company’s stock worth $469,000 after purchasing an additional 562 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Quanta Services by 1.0% in the first quarter. CIBC Asset Management Inc now owns 13,138 shares of the construction company’s stock worth $1,729,000 after purchasing an additional 136 shares during the last quarter. Independent Advisor Alliance grew its holdings in shares of Quanta Services by 3.0% in the first quarter. Independent Advisor Alliance now owns 3,624 shares of the construction company’s stock worth $477,000 after purchasing an additional 105 shares during the last quarter. Finally, Retireful LLC bought a new position in shares of Quanta Services in the first quarter worth about $910,000. Institutional investors own 87.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PWR shares. KeyCorp upped their price target on shares of Quanta Services from $129.00 to $156.00 in a report on Thursday, April 14th. Credit Suisse Group set a $157.00 price target on shares of Quanta Services in a report on Tuesday, July 19th. Cowen upped their price target on shares of Quanta Services from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, May 26th. B. Riley upped their price target on shares of Quanta Services from $129.00 to $138.00 in a report on Friday, May 6th. Finally, Robert W. Baird increased their target price on shares of Quanta Services from $136.00 to $147.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.31.

Quanta Services Stock Performance

PWR stock opened at $136.91 on Friday. The firm has a market cap of $19.68 billion, a price-to-earnings ratio of 41.49 and a beta of 1.10. The firm has a 50-day simple moving average of $128.11 and a two-hundred day simple moving average of $120.39. Quanta Services, Inc. has a one year low of $90.09 and a one year high of $146.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.48 and a current ratio of 1.51.

Quanta Services (NYSE:PWRGet Rating) last released its quarterly earnings results on Thursday, August 4th. The construction company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.38 by $0.16. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.03 billion. Quanta Services had a net margin of 3.38% and a return on equity of 14.98%. The company’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, equities analysts forecast that Quanta Services, Inc. will post 5.79 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.20%. The ex-dividend date was Thursday, June 30th. Quanta Services’s payout ratio is 8.48%.

Insider Activity at Quanta Services

In related news, CEO Earl C. Jr. Austin sold 135,000 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $126.48, for a total value of $17,074,800.00. Following the completion of the transaction, the chief executive officer now directly owns 689,030 shares of the company’s stock, valued at approximately $87,148,514.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Earl C. Jr. Austin sold 135,000 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $126.48, for a total value of $17,074,800.00. Following the completion of the transaction, the chief executive officer now directly owns 689,030 shares of the company’s stock, valued at approximately $87,148,514.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vincent D. Foster sold 14,948 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $119.01, for a total transaction of $1,778,961.48. Following the completion of the transaction, the director now directly owns 204,925 shares of the company’s stock, valued at $24,388,124.25. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Quanta Services Company Profile

(Get Rating)

Quanta Services, Inc provides specialty contracting services worldwide. The 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; energized 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.

Further Reading

Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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