NBC Securities Inc. Purchases 9,196 Shares of Quanta Services, Inc. (NYSE:PWR)

NBC Securities Inc. lifted its position in shares of Quanta Services, Inc. (NYSE:PWRFree Report) by 4,740.2% during the first quarter, Holdings Channel.com reports. The firm owned 9,390 shares of the construction company’s stock after buying an additional 9,196 shares during the quarter. NBC Securities Inc.’s holdings in Quanta Services were worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. CWM LLC increased its stake in shares of Quanta Services by 1.6% during the first quarter. CWM LLC now owns 4,919 shares of the construction company’s stock worth $1,278,000 after purchasing an additional 76 shares during the period. Moody National Bank Trust Division bought a new position in Quanta Services during the 1st quarter worth $202,000. Newbridge Financial Services Group Inc. bought a new position in Quanta Services during the 4th quarter worth $34,000. Nomura Holdings Inc. bought a new position in Quanta Services during the 4th quarter worth $631,000. Finally, HighPoint Advisor Group LLC bought a new position in Quanta Services during the 4th quarter worth $1,347,000. Institutional investors own 90.49% of the company’s stock.

Insider Transactions at Quanta Services

In other news, EVP Donald Wayne sold 1,101 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the transaction, the executive vice president now directly owns 40,065 shares in the company, valued at $10,494,626.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PWR has been the topic of a number of recent research reports. Evercore ISI raised their price objective on Quanta Services from $255.00 to $288.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. B. Riley raised their price objective on Quanta Services from $246.00 to $286.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Stifel Nicolaus raised their target price on Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Robert W. Baird raised their target price on Quanta Services from $265.00 to $287.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, DA Davidson raised their target price on Quanta Services from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.85.

Check Out Our Latest Analysis on Quanta Services

Quanta Services Trading Up 1.7 %

Quanta Services stock traded up $4.62 during trading hours on Wednesday, hitting $281.20. The stock had a trading volume of 740,007 shares, compared to its average volume of 871,995. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The stock has a market cap of $41.16 billion, a price-to-earnings ratio of 54.50 and a beta of 1.05. Quanta Services, Inc. has a one year low of $153.74 and a one year high of $286.87. The business’s 50 day simple moving average is $265.51 and its 200-day simple moving average is $236.90.

Quanta Services (NYSE:PWRGet Free Report) last posted its earnings results on Thursday, May 2nd. The construction company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.09 by $0.14. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.96 billion. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. On average, equities analysts predict that Quanta Services, Inc. will post 7.69 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio (DPR) is 6.98%.

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 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.

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

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