GAMMA Investing LLC grew its position in Quanta Services, Inc. (NYSE:PWR – Free Report) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,265 shares of the construction company’s stock after purchasing an additional 170 shares during the quarter. GAMMA Investing LLC’s holdings in Quanta Services were worth $329,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PWR. Truist Financial Corp raised its stake in Quanta Services by 2.2% in the fourth quarter. Truist Financial Corp now owns 432,810 shares of the construction company’s stock valued at $93,400,000 after buying an additional 9,421 shares during the last quarter. Carnegie Capital Asset Management LLC grew its position in Quanta Services by 24.5% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 1,650 shares of the construction company’s stock worth $356,000 after purchasing an additional 325 shares during the last quarter. Vanguard Group Inc. increased its stake in Quanta Services by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 16,235,875 shares of the construction company’s stock valued at $3,503,702,000 after purchasing an additional 191,334 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of Quanta Services by 669,187.5% in the fourth quarter. Gradient Investments LLC now owns 53,543 shares of the construction company’s stock worth $11,555,000 after buying an additional 53,535 shares during the last quarter. Finally, Saxon Interests Inc. purchased a new stake in shares of Quanta Services during the fourth quarter valued at $1,352,000. Hedge funds and other 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 the business’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on Quanta Services
Quanta Services Stock Up 1.7 %
Shares of PWR opened at $281.20 on Thursday. The firm has a market cap of $41.16 billion, a P/E ratio of 54.50 and a beta of 1.05. Quanta Services, Inc. has a 12 month low of $153.74 and a 12 month high of $286.87. The stock’s 50 day moving average is $266.05 and its two-hundred day moving average is $237.21. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.
Quanta Services (NYSE:PWR – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.14. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. Analysts predict that Quanta Services, Inc. will post 7.69 earnings per share for the current fiscal year.
Quanta Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be given a dividend of $0.09 per share. The ex-dividend date is Monday, July 1st. This represents a $0.36 annualized dividend and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio (DPR) is presently 6.98%.
About Quanta Services
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.
Featured Articles
- Five stocks we like better than Quanta Services
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Signet Jewelers Stock Poised for Rebound After Earnings Drop
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Airship AI Lands New Contract: Stock Soars 16% and More to Come
- Transportation Stocks Investing
- Restoration Hardware Stock: Should You Buy After Earnings Drop?
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.