LWM Advisory Services LLC Has $235,000 Stake in Quanta Services, Inc. (NYSE:PWR)

LWM Advisory Services LLC lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,090 shares of the construction company’s stock after selling 50 shares during the quarter. LWM Advisory Services LLC’s holdings in Quanta Services were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust boosted its position in shares of Quanta Services by 75.6% during the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock worth $30,000 after acquiring an additional 68 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Quanta Services by 47.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after purchasing an additional 52 shares in the last quarter. Valley National Advisers Inc. acquired a new stake in shares of Quanta Services in the 4th quarter valued at $41,000. NBC Securities Inc. acquired a new stake in shares of Quanta Services in the 3rd quarter valued at $36,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Quanta Services in the 4th quarter valued at $43,000. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PWR shares. Evercore ISI started coverage on Quanta Services in a report on Tuesday, February 13th. They issued an “outperform” rating and a $237.00 target price on the stock. Citigroup raised their price objective on Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, April 22nd. TD Cowen raised their price objective on Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. The Goldman Sachs Group raised their price objective on Quanta Services from $227.00 to $259.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Truist Financial initiated coverage on Quanta Services in a report on Thursday, March 14th. They set a “buy” rating and a $301.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $247.67.

Quanta Services Trading Up 0.3 %

PWR traded up $0.67 during midday trading on Monday, hitting $262.33. 884,651 shares of the company were exchanged, compared to its average volume of 923,476. The firm has a market capitalization of $38.40 billion, a P/E ratio of 52.23 and a beta of 1.11. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $265.82. The firm’s 50 day moving average price is $246.91 and its 200-day moving average price is $212.10. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.21. Quanta Services had a return on equity of 16.46% and a net margin of 3.57%. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company posted $1.54 EPS. The business’s quarterly revenue was up 31.0% on a year-over-year basis. As a group, equities analysts forecast that Quanta Services, Inc. will post 7.63 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, April 8th. Quanta Services’s dividend payout ratio (DPR) is presently 7.19%.

Insider Transactions at Quanta Services

In related news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at approximately $62,476,452.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at approximately $62,476,452.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donald Wayne sold 595 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $239.61, for a total value of $142,567.95. Following the completion of the sale, the executive vice president now directly owns 41,954 shares of the company’s stock, valued at $10,052,597.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,125 shares of company stock valued at $11,270,215. Corporate insiders own 1.10% of the company’s stock.

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.