Quanta Services, Inc. (NYSE:PWR) Shares Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC grew its stake in Quanta Services, Inc. (NYSE:PWR) by 71.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 550 shares of the construction company’s stock after acquiring an additional 230 shares during the period. ORG Wealth Partners LLC’s holdings in Quanta Services were worth $174,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PWR. Electron Capital Partners LLC boosted its position in shares of Quanta Services by 395.1% during the second quarter. Electron Capital Partners LLC now owns 2,622,142 shares of the construction company’s stock worth $666,260,000 after buying an additional 2,092,519 shares during the period. American Century Companies Inc. increased its stake in Quanta Services by 1,445.3% during the 2nd quarter. American Century Companies Inc. now owns 395,152 shares of the construction company’s stock worth $100,404,000 after buying an additional 369,581 shares during the period. Alkeon Capital Management LLC lifted its holdings in Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after buying an additional 250,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Quanta Services by 17.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,235,655 shares of the construction company’s stock valued at $313,968,000 after buying an additional 186,306 shares during the period. Finally, Public Sector Pension Investment Board increased its position in shares of Quanta Services by 4,701.7% during the second quarter. Public Sector Pension Investment Board now owns 153,559 shares of the construction company’s stock worth $39,018,000 after acquiring an additional 150,361 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Down 0.3 %

NYSE PWR traded down $0.82 during trading hours on Friday, hitting $311.38. The company had a trading volume of 190,233 shares, compared to its average volume of 810,930. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services, Inc. has a fifty-two week low of $187.27 and a fifty-two week high of $350.19. The company has a market capitalization of $45.96 billion, a price-to-earnings ratio of 57.45 and a beta of 1.06. The firm’s 50 day moving average is $328.05 and its 200 day moving average is $293.59.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.26. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same quarter last year, the firm posted $2.08 earnings per share. The business’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts anticipate that Quanta Services, Inc. will post 7.9 earnings per share for the current fiscal year.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio is 7.38%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Daiwa Capital Markets began coverage on Quanta Services in a report on Friday, December 6th. They set an “outperform” rating and a $355.00 price target on the stock. UBS Group lifted their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price objective on Quanta Services from $343.00 to $374.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. assumed coverage on shares of Quanta Services in a research report on Monday, October 7th. They issued a “neutral” rating and a $297.00 target price on the stock. Finally, Wolfe Research began coverage on Quanta Services in a report on Thursday, September 19th. They set an “outperform” rating and a $313.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $324.25.

Quanta Services 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.