Bogart Wealth LLC Grows Stock Position in Quanta Services, Inc. (NYSE:PWR)

Bogart Wealth LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 486,600.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,601 shares of the construction company's stock after purchasing an additional 14,598 shares during the period. Bogart Wealth LLC's holdings in Quanta Services were worth $4,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in Quanta Services in the 1st quarter valued at approximately $25,000. Private Ocean LLC acquired a new stake in Quanta Services in the first quarter valued at $26,000. Salomon & Ludwin LLC acquired a new position in Quanta Services during the 1st quarter worth about $26,000. Cambridge Trust Co. bought a new stake in shares of Quanta Services in the 1st quarter valued at about $26,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Quanta Services in the second quarter valued at about $33,000. Institutional investors own 90.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PWR shares. Truist Financial lifted their price objective on Quanta Services from $319.00 to $358.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Northland Securities upped their price objective on shares of Quanta Services from $264.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. UBS Group boosted 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. JPMorgan Chase & Co. assumed coverage on Quanta Services in a report on Monday, October 7th. They set a "neutral" rating and a $297.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on Quanta Services in a research note on Wednesday, September 4th. They issued a "hold" rating and a $256.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $308.07.

Quanta Services Stock Up 1.1 %

PWR traded up $3.30 during trading on Thursday, hitting $309.93. 562,734 shares of the company's stock were exchanged, compared to its average volume of 888,140. The stock has a market cap of $45.66 billion, a P/E ratio of 58.44 and a beta of 1.01. The business's 50 day moving average is $284.75 and its two-hundred day moving average is $270.21. Quanta Services, Inc. has a fifty-two week low of $153.74 and a fifty-two week high of $317.91. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.45.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.15. The business had revenue of $5.59 billion for the quarter, compared to analysts' expectations of $5.51 billion. Quanta Services had a net margin of 3.59% and a return on equity of 16.29%. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 EPS. As a group, equities analysts expect that Quanta Services, Inc. will post 7.82 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, October 1st were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date was Tuesday, October 1st. Quanta Services's payout ratio is currently 6.79%.

Insider Buying and Selling at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $262.21, for a total value of $34,087,300.00. Following the completion of the sale, the chief executive officer now owns 593,402 shares in the company, valued at $155,595,938.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $262.21, for a total value of $34,087,300.00. Following the transaction, the chief executive officer now owns 593,402 shares in the company, valued at $155,595,938.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO James Redgie Probst sold 34,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $260.03, for a total value of $8,841,020.00. Following the sale, the chief operating officer now directly owns 29,002 shares of the company's stock, valued at $7,541,390.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,357 shares of company stock worth $53,115,572. Corporate insiders own 1.10% of the company's stock.

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.