Quanta Services, Inc. (NYSE:PWR) Shares Bought by Lbp Am Sa

Lbp Am Sa grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 94.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,241 shares of the construction company’s stock after purchasing an additional 2,064 shares during the quarter. Lbp Am Sa’s holdings in Quanta Services were worth $1,102,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in shares of Quanta Services during the first quarter worth about $25,000. Private Ocean LLC purchased a new position in shares of Quanta Services during the first quarter worth about $26,000. Salomon & Ludwin LLC purchased a new position in shares of Quanta Services during the first quarter worth about $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Quanta Services by 47.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after buying an additional 52 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Quanta Services during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of Quanta Services stock traded down $10.72 during trading on Friday, hitting $244.16. 840,013 shares of the company were exchanged, compared to its average volume of 952,388. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. Quanta Services, Inc. has a fifty-two week low of $153.74 and a fifty-two week high of $286.87. The stock has a market capitalization of $35.74 billion, a price-to-earnings ratio of 47.65 and a beta of 1.03. The firm has a 50 day moving average price of $265.70 and a 200 day moving average price of $248.31.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.14. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.96 billion. On average, equities analysts expect that Quanta Services, Inc. will post 7.69 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $0.36 annualized dividend and a dividend yield of 0.15%. Quanta Services’s dividend payout ratio is currently 6.98%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and issued a $305.00 price objective (up previously from $301.00) on shares of Quanta Services in a report on Monday, May 6th. B. Riley lifted their price objective on Quanta Services from $286.00 to $303.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird lifted their price objective on Quanta Services from $287.00 to $288.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Citigroup lifted their price objective on Quanta Services from $299.00 to $302.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, DA Davidson lifted their price objective on Quanta Services from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $275.17.

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.