Fox Run Management L.L.C. Purchases Shares of 4,622 Quanta Services, Inc. (NYSE:PWR)

Fox Run Management L.L.C. acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,622 shares of the construction company's stock, valued at approximately $1,461,000.

Several other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. increased its position in shares of Quanta Services by 0.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company's stock worth $1,317,000 after purchasing an additional 29 shares in the last quarter. Commonwealth Financial Services LLC raised its stake in Quanta Services by 2.6% in the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company's stock valued at $364,000 after buying an additional 29 shares during the last quarter. HB Wealth Management LLC boosted its holdings in Quanta Services by 0.9% in the fourth quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company's stock worth $1,050,000 after acquiring an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of Quanta Services by 0.5% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company's stock valued at $1,941,000 after acquiring an additional 32 shares in the last quarter. Finally, Resurgent Financial Advisors LLC grew its position in Quanta Services by 0.7% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company's stock worth $1,423,000 after purchasing an additional 33 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

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Quanta Services Trading Down 0.3 %

NYSE:PWR traded down $0.84 during trading hours on Tuesday, hitting $277.56. The company had a trading volume of 443,992 shares, compared to its average volume of 1,725,258. Quanta Services, Inc. has a 1 year low of $227.11 and a 1 year high of $365.88. The company has a market cap of $41.13 billion, a P/E ratio of 46.03, a P/E/G ratio of 1.41 and a beta of 1.10. The company has a 50-day moving average of $288.60 and a 200 day moving average of $304.81. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

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

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services's dividend payout ratio is presently 6.63%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Roth Mkm began coverage on Quanta Services in a research report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price on the stock. BMO Capital Markets upgraded Quanta Services from a "market perform" rating to an "outperform" rating and dropped their target price for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Stifel Nicolaus reduced their price target on shares of Quanta Services from $388.00 to $323.00 and set a "buy" rating for the company in a research report on Monday, February 24th. B. Riley reaffirmed a "neutral" rating and issued a $300.00 price objective (down from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Finally, Truist Financial decreased their target price on shares of 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 analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $326.79.

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.