Everpar Advisors LLC Acquires Shares of 2,026 Quanta Services, Inc. (NYSE:PWR)

Everpar Advisors LLC bought a new position in Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,026 shares of the construction company’s stock, valued at approximately $437,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. increased its stake in Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after purchasing an additional 52 shares in the last quarter. Central Bank & Trust Co. raised its holdings in shares of Quanta Services by 2.1% during the fourth quarter. Central Bank & Trust Co. now owns 3,246 shares of the construction company’s stock worth $700,000 after acquiring an additional 66 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Quanta Services by 0.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,511 shares of the construction company’s stock valued at $2,340,000 after acquiring an additional 67 shares in the last quarter. Czech National Bank boosted its stake in Quanta Services by 0.3% in the 4th quarter. Czech National Bank now owns 25,445 shares of the construction company’s stock worth $5,491,000 after purchasing an additional 67 shares during the period. Finally, Gray Wealth Management Inc. increased its holdings in Quanta Services by 6.2% during the 3rd quarter. Gray Wealth Management Inc. now owns 1,168 shares of the construction company’s stock worth $218,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. B. Riley lifted their target price on Quanta Services from $246.00 to $286.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. DA Davidson boosted their price objective on shares of Quanta Services from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday. Citigroup raised their target price on shares of Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Robert W. Baird boosted their price target on shares of Quanta Services from $265.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group upped their target price on Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.00.

Quanta Services Stock Performance

PWR traded down $2.02 during trading hours on Wednesday, reaching $264.86. The company’s stock had a trading volume of 977,829 shares, compared to its average volume of 942,267. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36. The company’s 50-day moving average is $251.91 and its 200-day moving average is $216.41. Quanta Services, Inc. has a 52 week low of $153.74 and a 52 week high of $271.96. The firm has a market cap of $38.77 billion, a PE ratio of 51.72 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.21. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the company posted $1.54 EPS. Quanta Services’s quarterly revenue was up 31.0% compared to the same quarter last year. On average, equities analysts forecast that Quanta Services, Inc. will post 7.63 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, April 8th. This represents a $0.36 annualized dividend and a yield of 0.14%. Quanta Services’s payout ratio is currently 6.98%.

Insider Activity at Quanta Services

In related news, Director Worthing Jackman sold 9,572 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total value of $2,271,531.32. Following the transaction, the director now directly owns 7,486 shares in the company, valued at $1,776,502.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Worthing Jackman sold 9,572 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total value of $2,271,531.32. Following the completion of the transaction, the director now directly owns 7,486 shares of the company’s stock, valued at approximately $1,776,502.66. The disclosure for this sale can be found here. Insiders sold 47,125 shares of company stock worth $11,270,215 in the last ninety days. 1.10% of the stock is owned by company insiders.

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.