Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,125 shares of the construction company’s stock after acquiring an additional 185 shares during the period. Radnor Capital Management LLC’s holdings in Quanta Services were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Resurgent Financial Advisors LLC grew its position in shares of Quanta Services by 0.7% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock valued at $1,423,000 after buying an additional 33 shares during the last quarter. Tower Wealth Partners Inc. boosted its stake in Quanta Services by 3.1% in the third quarter. Tower Wealth Partners Inc. now owns 1,122 shares of the construction company’s stock valued at $335,000 after acquiring an additional 34 shares during the period. Huntington National Bank grew its holdings in shares of Quanta Services by 2.9% during the third quarter. Huntington National Bank now owns 1,240 shares of the construction company’s stock valued at $370,000 after purchasing an additional 35 shares during the last quarter. Terra Nova Asset Management LLC lifted its holdings in shares of Quanta Services by 0.3% in the 3rd quarter. Terra Nova Asset Management LLC now owns 12,779 shares of the construction company’s stock worth $3,810,000 after purchasing an additional 38 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Quanta Services by 1.2% during the 3rd quarter. Greenleaf Trust now owns 3,154 shares of the construction company’s stock valued at $940,000 after purchasing an additional 38 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the topic of several analyst reports. Daiwa Capital Markets began coverage on Quanta Services in a research report on Friday, December 6th. They issued an “outperform” rating and a $355.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Quanta Services in a research report on Monday, October 7th. They issued a “neutral” rating and a $297.00 price objective on the stock. Truist Financial upped their target price on shares of Quanta Services from $358.00 to $399.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Wolfe Research initiated coverage on Quanta Services in a report on Thursday, September 19th. They set an “outperform” rating and a $313.00 price target on the stock. Finally, Robert W. Baird increased their price objective on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $324.25.

Quanta Services Price Performance

Shares of NYSE PWR opened at $319.22 on Wednesday. Quanta Services, Inc. has a twelve month low of $187.27 and a twelve month high of $350.19. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $328.56 and a two-hundred day moving average of $295.00. The company has a market capitalization of $47.12 billion, a price-to-earnings ratio of 58.90 and a beta of 1.06.

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

Quanta Services Increases Dividend

The business 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 represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s payout ratio is presently 7.38%.

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.