KPP Advisory Services LLC Has $702,000 Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

KPP Advisory Services LLC lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,254 shares of the construction company’s stock after purchasing an additional 351 shares during the period. KPP Advisory Services LLC’s holdings in Quanta Services were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital World Investors raised its position in shares of Quanta Services by 11.6% during the fourth quarter. Capital World Investors now owns 6,000,722 shares of the construction company’s stock worth $1,294,956,000 after purchasing an additional 624,545 shares during the period. FMR LLC raised its position in Quanta Services by 1.1% during the third quarter. FMR LLC now owns 4,229,280 shares of the construction company’s stock valued at $791,171,000 after buying an additional 44,141 shares during the period. Artisan Partners Limited Partnership raised its position in Quanta Services by 384.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 2,438,653 shares of the construction company’s stock valued at $526,261,000 after buying an additional 1,935,786 shares during the period. Norges Bank acquired a new position in Quanta Services during the fourth quarter valued at $335,777,000. Finally, Morgan Stanley raised its position in Quanta Services by 3.3% during the third quarter. Morgan Stanley now owns 1,539,987 shares of the construction company’s stock valued at $288,086,000 after buying an additional 49,602 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Quanta Services

In related news, EVP Donald Wayne sold 595 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $239.61, for a total transaction of $142,567.95. Following the completion of the sale, the executive vice president now owns 41,954 shares in the company, valued at approximately $10,052,597.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on PWR shares. Citigroup upped their price target on Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group upped their price target on Quanta Services from $259.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. B. Riley upped their target price on Quanta Services from $246.00 to $286.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Argus upped their target price on Quanta Services from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, TD Cowen upped their target price on Quanta Services from $205.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $268.85.

Quanta Services Stock Up 0.8 %

Shares of PWR traded up $2.04 during trading hours on Friday, hitting $269.32. 502,372 shares of the company were exchanged, compared to its average volume of 939,948. The company has a market cap of $39.43 billion, a PE ratio of 52.19 and a beta of 1.05. The firm’s 50 day moving average is $263.32 and its 200-day moving average is $232.12. Quanta Services, Inc. has a 52 week low of $153.74 and a 52 week high of $286.87. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.14. The company 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 research analysts forecast that Quanta Services, Inc. will post 7.69 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.36 annualized dividend and a yield of 0.13%. Quanta Services’s payout ratio is 6.98%.

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.