Avior Wealth Management LLC Boosts Holdings in Quanta Services, Inc. (NYSE:PWR)

Avior Wealth Management LLC raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 41.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,380 shares of the construction company’s stock after acquiring an additional 407 shares during the quarter. Avior Wealth Management LLC’s holdings in Quanta Services were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PWR. ICA Group Wealth Management LLC purchased a new position in Quanta Services during the 4th quarter valued at about $26,000. Coppell Advisory Solutions Corp. purchased a new position in Quanta Services during the 4th quarter valued at about $28,000. Grove Bank & Trust grew its holdings in shares of Quanta Services by 75.6% during the third quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock worth $30,000 after buying an additional 68 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Quanta Services by 1,730.0% during the third quarter. Geneos Wealth Management Inc. now owns 183 shares of the construction company’s stock worth $34,000 after buying an additional 173 shares in the last quarter. Finally, 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 in the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the transaction, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at $62,476,452.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website. Also, EVP Donald Wayne sold 8,842 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $242.27, for a total transaction of $2,142,151.34. Following the transaction, the executive vice president now directly owns 44,129 shares in the company, valued at $10,691,132.83. The disclosure for this sale can be found here. Insiders have sold a total of 47,125 shares of company stock valued at $11,270,215 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Quanta Services Price Performance

PWR opened at $243.26 on Friday. The stock has a market capitalization of $35.61 billion, a PE ratio of 48.55 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.47. Quanta Services, Inc. has a 1 year low of $153.74 and a 1 year high of $265.82. The company’s 50 day simple moving average is $242.69 and its 200 day simple moving average is $208.77.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.21. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. Quanta Services’s revenue was up 31.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. As a group, sell-side analysts expect that Quanta Services, Inc. will post 7.63 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a yield of 0.15%. Quanta Services’s dividend payout ratio (DPR) is 7.19%.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of recent research reports. Citigroup lifted their price target on shares of Quanta Services from $234.00 to $237.00 and gave the stock a “buy” rating in a report on Friday, January 26th. The Goldman Sachs Group lifted their price target on shares of Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a report on Monday, February 26th. KeyCorp initiated coverage on shares of Quanta Services in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Stifel Nicolaus lifted their price target on shares of Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, TD Cowen raised their target price on shares of Quanta Services from $205.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and a consensus target price of $239.54.

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.