Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,643 shares of the construction company's stock after selling 1,918 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Quanta Services were worth $5,576,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in PWR. Webster Bank N. A. raised its holdings in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after buying an additional 81 shares during the period. Sierra Ocean LLC acquired a new position in Quanta Services in the 4th quarter worth $27,000. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services in the third quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the 3rd quarter valued at approximately $31,000. Finally, Sound Income Strategies LLC boosted its position in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock worth $33,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 90.49% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. BMO Capital Markets upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $338.00 to $316.00 in a report on Tuesday, February 25th. Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Roth Capital raised Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Stifel Nicolaus dropped their price objective on Quanta Services from $388.00 to $323.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, Bank of America began coverage on shares of Quanta Services in a research report on Friday, January 24th. They set a "buy" rating and a $407.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and an average price target of $326.79.
Check Out Our Latest Stock Analysis on Quanta Services
Quanta Services Stock Performance
NYSE:PWR traded down $2.67 during mid-day trading on Friday, reaching $268.43. 1,606,022 shares of the company's stock were exchanged, compared to its average volume of 1,756,634. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The firm has a market capitalization of $39.78 billion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. The business's fifty day simple moving average is $289.30 and its two-hundred day simple moving average is $303.94.
Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $6.61 billion. Analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.
Quanta Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. Quanta Services's payout ratio is presently 6.63%.
Quanta Services Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Quanta Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quanta Services wasn't on the list.
While Quanta Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
