LWM Advisory Services LLC Sells 50 Shares of Quanta Services, Inc. (NYSE:PWR)

LWM Advisory Services LLC decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,090 shares of the construction company’s stock after selling 50 shares during the period. LWM Advisory Services LLC’s holdings in Quanta Services were worth $235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Hazlett Burt & Watson Inc. increased its stake in shares of Quanta Services by 47.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after purchasing an additional 52 shares in the last quarter. Central Bank & Trust Co. increased its position in shares of Quanta Services by 2.1% during the fourth quarter. Central Bank & Trust Co. now owns 3,246 shares of the construction company’s stock valued at $700,000 after acquiring an additional 66 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Quanta Services by 0.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,511 shares of the construction company’s stock valued at $2,340,000 after acquiring an additional 67 shares in the last quarter. Czech National Bank increased its position in shares of Quanta Services by 0.3% during the fourth quarter. Czech National Bank now owns 25,445 shares of the construction company’s stock valued at $5,491,000 after acquiring an additional 67 shares in the last quarter. Finally, Gray Wealth Management Inc. increased its position in shares of Quanta Services by 6.2% during the third quarter. Gray Wealth Management Inc. now owns 1,168 shares of the construction company’s stock valued at $218,000 after acquiring an additional 68 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Insider Activity at Quanta Services

In other Quanta Services news, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction 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 sale, the executive vice president now directly owns 40,065 shares in the company, valued at approximately $10,494,626.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total value of $4,382,650.00. Following the sale, the executive vice president now directly owns 263,725 shares in the company, valued at approximately $62,476,452.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the sale, the executive vice president now owns 40,065 shares in the company, valued at $10,494,626.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,125 shares of company stock worth $11,270,215. 1.10% of the stock is owned by corporate insiders.

Quanta Services Price Performance

Shares of PWR traded up $0.67 during trading hours on Monday, reaching $262.33. 884,651 shares of the stock traded hands, compared to its average volume of 923,476. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 52-week low of $153.74 and a 52-week high of $265.82. The company’s 50-day moving average price is $246.91 and its two-hundred day moving average price is $212.10. The company has a market cap of $38.40 billion, a P/E ratio of 52.23 and a beta of 1.11.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share 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 analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the company earned $1.54 EPS. Quanta Services’s revenue for the quarter was up 31.0% on a year-over-year basis. On average, analysts anticipate that Quanta Services, Inc. will post 7.63 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Monday, April 8th. Quanta Services’s dividend payout ratio (DPR) is 7.19%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PWR. TD Cowen raised their price target on shares of Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Citigroup raised their target price 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. Truist Financial assumed coverage on shares of Quanta Services in a report on Thursday, March 14th. They issued a “buy” rating and a $301.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, DA Davidson lifted their price target on shares of Quanta Services from $190.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $247.67.

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.