MorganRosel Wealth Management LLC Sells 433 Shares of Quanta Services, Inc. (NYSE:PWR)

MorganRosel Wealth Management LLC decreased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 9.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,107 shares of the construction company’s stock after selling 433 shares during the period. MorganRosel Wealth Management LLC’s holdings in Quanta Services were worth $1,067,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PWR. Wedmont Private Capital raised its holdings in Quanta Services by 1.0% in the first quarter. Wedmont Private Capital now owns 4,674 shares of the construction company’s stock worth $1,198,000 after purchasing an additional 47 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Quanta Services by 47.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after buying an additional 52 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Quanta Services by 4.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,367 shares of the construction company’s stock worth $295,000 after acquiring an additional 60 shares in the last quarter. Central Bank & Trust Co. lifted its position in Quanta Services by 2.1% during the 4th 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 during the period. Finally, Czech National Bank boosted its stake in Quanta Services by 0.3% during the fourth quarter. Czech National Bank now owns 25,445 shares of the construction company’s stock worth $5,491,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR stock opened at $254.09 on Monday. 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 company has a 50 day moving average price of $268.79 and a 200-day moving average price of $241.00. Quanta Services, Inc. has a 52 week low of $153.74 and a 52 week high of $286.87. The firm has a market capitalization of $37.20 billion, a PE ratio of 49.24 and a beta of 1.03.

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

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders 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 yield of 0.14%. The ex-dividend date of this dividend is Monday, July 1st. Quanta Services’s dividend payout ratio is 6.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. DA Davidson raised their target price on shares of Quanta Services from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Argus lifted their price objective on Quanta Services from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Robert W. Baird increased their target price on Quanta Services from $265.00 to $287.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. B. Riley lifted their price target on Quanta Services from $246.00 to $286.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of Quanta Services from $259.00 to $286.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Three equities research analysts have rated the stock with a hold rating and ten 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 $268.85.

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.