4,327 Shares in Quanta Services, Inc. (NYSE:PWR) Purchased by Choreo LLC

Choreo LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,327 shares of the construction company’s stock, valued at approximately $934,000.

Several other large investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in Quanta Services by 22.0% during the 3rd quarter. AE Wealth Management LLC now owns 1,593 shares of the construction company’s stock worth $298,000 after buying an additional 287 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Quanta Services by 9.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,150 shares of the construction company’s stock worth $5,453,000 after buying an additional 2,600 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Quanta Services by 86.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 30,646 shares of the construction company’s stock worth $5,733,000 after purchasing an additional 14,241 shares during the period. Xponance Inc. lifted its holdings in Quanta Services by 1.7% in the 3rd quarter. Xponance Inc. now owns 21,699 shares of the construction company’s stock valued at $4,059,000 after acquiring an additional 366 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Quanta Services by 2.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 71,100 shares of the construction company’s stock worth $13,301,000 after buying an additional 1,900 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on PWR shares. Evercore ISI initiated coverage on shares of Quanta Services in a research note on Tuesday, February 13th. They set an “outperform” rating and a $237.00 price objective for the company. The Goldman Sachs Group increased their price objective on Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Citigroup upped their price objective on shares of Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. DA Davidson lifted their target price on shares of Quanta Services from $190.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, KeyCorp started coverage on Quanta Services in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $247.67.

Insider Activity

In other Quanta Services news, EVP Donald Wayne sold 1,101 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total value of $288,395.94. Following the completion of the sale, the executive vice president now owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Quanta Services news, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total value of $288,395.94. Following the transaction, the executive vice president now owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Derrick A. Jensen sold 18,500 shares of the company’s 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 completion of the transaction, the executive vice president now owns 263,725 shares of the company’s stock, valued at approximately $62,476,452.50. 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 in the last 90 days. 1.10% of the stock is owned by company insiders.

Quanta Services Trading Down 1.0 %

PWR stock opened at $256.01 on Thursday. The business has a fifty day moving average of $249.81 and a 200-day moving average of $213.59. The company has a market cap of $37.47 billion, a P/E ratio of 51.10 and a beta of 1.10. 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.

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

Quanta Services Announces Dividend

The firm also recently announced 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. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. The ex-dividend date was Monday, April 8th. Quanta Services’s payout ratio is 7.19%.

About Quanta Services

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.