Quanta Services, Inc. (NYSE:PWR) Stock Position Boosted by AM Investment Strategies LLC

AM Investment Strategies LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,581 shares of the construction company’s stock after acquiring an additional 400 shares during the quarter. AM Investment Strategies LLC’s holdings in Quanta Services were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Grove Bank & Trust lifted its holdings in Quanta Services by 75.6% in the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock valued at $30,000 after acquiring an additional 68 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in 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 acquiring an additional 52 shares during the last quarter. Valley National Advisers Inc. acquired a new stake in Quanta Services in the 4th quarter valued at about $41,000. NBC Securities Inc. acquired a new stake in Quanta Services in the 3rd quarter valued at about $36,000. Finally, Planned Solutions Inc. purchased a new stake in Quanta Services during the fourth quarter valued at about $43,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Derrick A. Jensen sold 18,500 shares of the stock in a transaction that occurred on 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 $62,476,452.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Donald Wayne sold 595 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Derrick A. Jensen sold 18,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 $62,476,452.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,125 shares of company stock valued at $11,270,215. 1.10% of the stock is owned by company insiders.

Quanta Services Stock Performance

PWR stock traded up $2.01 during midday trading on Thursday, hitting $255.19. 604,114 shares of the company traded hands, compared to its average volume of 920,756. Quanta Services, Inc. has a twelve month low of $153.74 and a twelve month high of $265.82. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The business has a 50 day simple moving average of $245.08 and a 200-day simple moving average of $210.71. The stock has a market capitalization of $37.35 billion, a price-to-earnings ratio of 50.94 and a beta of 1.11.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, beating 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 company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. As a group, equities research analysts predict that Quanta Services, Inc. will post 7.63 earnings per share for the current year.

Quanta Services Dividend Announcement

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

Wall Street Analyst Weigh In

PWR has been the subject of a number of analyst reports. Truist Financial initiated coverage on shares of Quanta Services in a research note on Thursday, March 14th. They set a “buy” rating and a $301.00 price objective for the company. Citigroup upped their price objective on shares of Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp assumed coverage on Quanta Services in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. TD Cowen upped their target price on Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Finally, Evercore ISI initiated coverage on Quanta Services in a report on Tuesday, February 13th. They issued an “outperform” rating and a $237.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $247.67.

Quanta Services Company 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.