Diversified Trust Co. increased its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,717 shares of the construction company’s stock after acquiring an additional 1,244 shares during the quarter. Diversified Trust Co.’s holdings in Quanta Services were worth $2,835,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWR. Northwestern Mutual Investment Management Company LLC increased its position in shares of Quanta Services by 0.5% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 4,750 shares of the construction company’s stock valued at $1,968,000 after acquiring an additional 23 shares during the last quarter. Rothschild Investment LLC boosted its position in Quanta Services by 2.8% during the third quarter. Rothschild Investment LLC now owns 850 shares of the construction company’s stock valued at $352,000 after purchasing an additional 23 shares during the last quarter. Wealth Alliance LLC increased its position in shares of Quanta Services by 1.4% during the 3rd quarter. Wealth Alliance LLC now owns 1,636 shares of the construction company’s stock worth $678,000 after purchasing an additional 23 shares during the last quarter. Petros Family Wealth LLC raised its stake in shares of Quanta Services by 2.2% during the 3rd quarter. Petros Family Wealth LLC now owns 1,101 shares of the construction company’s stock worth $456,000 after purchasing an additional 24 shares in the last quarter. Finally, Montag A & Associates Inc. grew its stake in shares of Quanta Services by 15.2% in the third quarter. Montag A & Associates Inc. now owns 182 shares of the construction company’s stock valued at $75,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.
Quanta Services Trading Up 1.9%
Shares of Quanta Services stock opened at $578.39 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The firm has a 50-day moving average of $523.73 and a 200-day moving average of $462.97. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $583.73. The stock has a market cap of $86.54 billion, a PE ratio of 85.06, a PEG ratio of 2.58 and a beta of 1.10.
Quanta Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, April 2nd. Quanta Services’s payout ratio is presently 6.47%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on PWR shares. UBS Group upped their price target on shares of Quanta Services from $518.00 to $646.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings upgraded shares of Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Mizuho boosted their price target on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Robert W. Baird upped their price objective on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Quanta Services in a research report on Friday, February 20th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average target price of $576.55.
View Our Latest Stock Report on PWR
Quanta Services Company Profile
Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.
In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.
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