Teamwork Financial Advisors LLC Makes New $2.96 Million Investment in Quanta Services, Inc. (NYSE:PWR)

Teamwork Financial Advisors LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,370 shares of the construction company’s stock, valued at approximately $2,961,000.

Several other large investors have also modified their holdings of the stock. Prestige Wealth Management Group LLC acquired a new stake in Quanta Services during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new stake in shares of Quanta Services in the 3rd quarter valued at approximately $31,000. Versant Capital Management Inc raised its position in shares of Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Quanta Services in the third quarter worth $41,000. Finally, Eastern Bank bought a new stake in Quanta Services during the third quarter valued at $44,000. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on PWR shares. Northland Securities reissued an “outperform” rating and issued a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st. JPMorgan Chase & Co. assumed coverage on Quanta Services in a research note on Monday, October 7th. They issued a “neutral” rating and a $297.00 target price on the stock. Guggenheim initiated coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating for the company. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus upped their target price on shares of Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $325.06.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $357.02 on Thursday. Quanta Services, Inc. has a 1 year low of $187.27 and a 1 year high of $365.88. The firm has a market cap of $52.70 billion, a P/E ratio of 65.87 and a beta of 1.06. The stock has a fifty day moving average price of $330.71 and a two-hundred day moving average price of $298.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23.

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

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were issued a $0.10 dividend. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s payout ratio is presently 7.38%.

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.