Cwm LLC Purchases 76 Shares of Quanta Services, Inc. (NYSE:PWR)

Cwm LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,919 shares of the construction company’s stock after buying an additional 76 shares during the quarter. Cwm LLC’s holdings in Quanta Services were worth $1,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PWR. Hazlett Burt & Watson Inc. raised its stake in shares of Quanta Services by 47.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after buying an additional 52 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Quanta Services during the 4th quarter valued at $34,000. Valley National Advisers Inc. bought a new stake in shares of Quanta Services during the 4th quarter valued at $41,000. Vestor Capital LLC bought a new stake in shares of Quanta Services during the 4th quarter valued at $42,000. Finally, Planned Solutions Inc. bought a new stake in shares of Quanta Services during the 4th quarter valued at $43,000. 90.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. B. Riley boosted their price objective on Quanta Services from $246.00 to $286.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. TD Cowen boosted their price objective on Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Citigroup boosted their price objective on Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Robert W. Baird boosted their price objective on Quanta Services from $265.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, DA Davidson upped their target price on Quanta Services from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $268.85.

Insider Activity at Quanta Services

In related news, EVP Donald Wayne sold 1,101 shares of the 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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Quanta Services Price Performance

PWR opened at $281.20 on Thursday. The stock has a 50-day moving average price of $266.05 and a 200-day moving average price of $237.21. Quanta Services, Inc. has a 12-month low of $153.74 and a 12-month high of $286.87. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $41.16 billion, a P/E ratio of 54.50 and a beta of 1.05.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.14. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $4.96 billion. Equities analysts predict that Quanta Services, Inc. will post 7.69 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date is Monday, July 1st. Quanta Services’s payout ratio is currently 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.