Hantz Financial Services Inc. Has $2.36 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Hantz Financial Services Inc. lessened its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,451 shares of the construction company's stock after selling 1,958 shares during the quarter. Hantz Financial Services Inc.'s holdings in Quanta Services were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PWR. Creative Planning lifted its stake in shares of Quanta Services by 8.9% during the second quarter. Creative Planning now owns 20,700 shares of the construction company's stock valued at $5,260,000 after acquiring an additional 1,694 shares during the period. NewEdge Advisors LLC lifted its position in Quanta Services by 8.8% during the 2nd quarter. NewEdge Advisors LLC now owns 8,806 shares of the construction company's stock valued at $2,238,000 after purchasing an additional 714 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Quanta Services by 3.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,525 shares of the construction company's stock valued at $2,166,000 after purchasing an additional 300 shares during the last quarter. Regal Investment Advisors LLC acquired a new stake in shares of Quanta Services during the 2nd quarter worth approximately $206,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Quanta Services during the second quarter worth approximately $10,183,000. 90.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PWR has been the topic of several recent analyst reports. TD Cowen lifted their price objective on shares of Quanta Services from $280.00 to $335.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Daiwa Capital Markets started coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an "outperform" rating and a $355.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research report on Tuesday. UBS Group lifted their target price on Quanta Services from $313.00 to $367.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Finally, Citigroup lowered their price target on Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday. Four equities 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $330.06.

Quanta Services Stock Up 3.9 %

Shares of PWR opened at $309.52 on Friday. The firm has a market cap of $45.69 billion, a P/E ratio of 57.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services, Inc. has a 52 week low of $193.52 and a 52 week high of $365.88. The firm's 50-day simple moving average is $329.27 and its 200 day simple moving average is $300.65.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.46 by $0.26. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The business's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 EPS. On average, analysts forecast that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a dividend of $0.10 per share. This is a positive change from Quanta Services's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. Quanta Services's dividend payout ratio (DPR) is currently 7.38%.

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.