Whittier Trust Co. of Nevada Inc. Buys 120 Shares of Quanta Services, Inc. (NYSE:PWR)

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 181.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 186 shares of the construction company’s stock after purchasing an additional 120 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Quanta Services were worth $59,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. boosted its position in Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC acquired a new position in shares of Quanta Services during the fourth quarter worth approximately $27,000. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services during the third quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new position in shares of Quanta Services during the third quarter worth approximately $31,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Quanta Services by 700.0% during the fourth 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 own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of NYSE:PWR opened at $268.43 on Monday. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The firm has a market cap of $39.78 billion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The business has a fifty day moving average of $289.30 and a 200-day moving average of $304.61.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. On average, equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. Quanta Services’s payout ratio is 6.63%.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of research analyst reports. Roth Mkm initiated coverage on Quanta Services in a report on Friday, February 21st. They set a “buy” rating and a $350.00 price target for the company. Stifel Nicolaus cut their price target on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a report on Monday, February 24th. Truist Financial cut 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. B. Riley restated a “neutral” rating and issued a $300.00 target price (down from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Finally, Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.79.

About Quanta Services

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.