Wealth Alliance Cuts Position in Quanta Services, Inc. (NYSE:PWR)

Wealth Alliance decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWRFree Report) by 28.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,186 shares of the construction company’s stock after selling 855 shares during the period. Wealth Alliance’s holdings in Quanta Services were worth $409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PWR. ICA Group Wealth Management LLC purchased a new stake in shares of Quanta Services during the fourth quarter valued at approximately $26,000. Coppell Advisory Solutions Corp. purchased a new stake in Quanta Services in the fourth quarter worth approximately $28,000. Perkins Coie Trust Co purchased a new stake in Quanta Services in the third quarter worth approximately $30,000. Grove Bank & Trust boosted its stake in shares of Quanta Services by 75.6% during the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock worth $30,000 after acquiring an additional 68 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of Quanta Services during the 2nd quarter worth $33,000. Institutional investors own 87.86% of the company’s stock.

Wall Street Analysts Forecast Growth

PWR has been the topic of several analyst reports. KeyCorp assumed coverage on shares of Quanta Services in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Stifel Nicolaus raised their price objective on shares of Quanta Services from $212.00 to $237.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Citigroup raised their price objective on shares of Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, The Goldman Sachs Group upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $214.00 to $211.00 in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $220.80.

View Our Latest Research Report on Quanta Services

Quanta Services Price Performance

PWR stock opened at $210.11 on Friday. The business has a fifty day moving average of $204.58 and a two-hundred day moving average of $194.21. The company has a quick ratio of 1.57, a current ratio of 1.61 and a debt-to-equity ratio of 0.66. The stock has a market cap of $30.53 billion, a price-to-earnings ratio of 44.80 and a beta of 1.06. Quanta Services, Inc. has a 52-week low of $147.33 and a 52-week high of $219.17.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.09 per share. This is a positive change from Quanta Services’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend was Friday, December 29th. Quanta Services’s dividend payout ratio (DPR) is currently 7.68%.

Quanta Services Company Profile

(Free Report)

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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