Guyasuta Investment Advisors Inc. decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,085 shares of the construction company's stock after selling 2,962 shares during the period. Quanta Services makes up about 1.4% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 23rd largest holding. Guyasuta Investment Advisors Inc.'s holdings in Quanta Services were worth $22,150,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in PWR. Webster Bank N. A. raised its holdings in shares of Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the 3rd quarter valued at $31,000. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services during the 3rd quarter worth about $30,000. Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after buying an additional 45 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.
Quanta Services Price Performance
NYSE:PWR traded up $4.45 during mid-day trading on Wednesday, reaching $292.04. The stock had a trading volume of 1,728,560 shares, compared to its average volume of 1,460,901. The stock has a 50-day simple moving average of $318.48 and a two-hundred day simple moving average of $305.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services, Inc. has a 12 month low of $206.58 and a 12 month high of $365.88. The stock has a market capitalization of $43.11 billion, a PE ratio of 53.88, a P/E/G ratio of 1.43 and a beta of 1.05.
Quanta Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. This is a boost from Quanta Services's previous quarterly dividend of $0.09. Quanta Services's payout ratio is 7.38%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on PWR shares. UBS Group upped their target price on shares of Quanta Services from $313.00 to $367.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Daiwa America raised Quanta Services to a "strong-buy" rating in a research report on Friday, December 6th. Robert W. Baird increased their price target on Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Quanta Services from $374.00 to $388.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, Guggenheim began coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a "neutral" rating on the stock. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $330.50.
Get Our Latest Stock Analysis on Quanta Services
Quanta Services 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.
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