Terra Alpha Investments LLC Takes Position in Quanta Services, Inc. (NYSE:PWR)

Terra Alpha Investments LLC purchased a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,787 shares of the construction company's stock, valued at approximately $881,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Webster Bank N. A. boosted its position in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC bought a new position in Quanta Services during the fourth quarter worth about $27,000. Prestige Wealth Management Group LLC acquired a new position in Quanta Services in the third quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of Quanta Services in the third quarter worth about $31,000. Finally, Sound Income Strategies LLC raised its position in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock worth $33,000 after purchasing an additional 91 shares during the period. Institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Daiwa America lowered shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Stifel Nicolaus reduced their target price on shares of Quanta Services from $388.00 to $323.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Citigroup dropped their price target on Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial reduced their price objective on Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $326.79.

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Quanta Services Price Performance

Shares of PWR traded down $2.67 during trading hours on Friday, hitting $268.43. 1,606,022 shares of the company were exchanged, compared to its average volume of 1,756,634. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a fifty-two week low of $227.11 and a fifty-two week high of $365.88. The company has a market cap of $39.78 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 1.41 and a beta of 1.10. The firm's fifty day moving average is $290.21 and its 200 day moving average is $303.99.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.61 billion. On average, equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. Quanta Services's dividend payout ratio (DPR) is currently 6.63%.

Quanta Services 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.