Xponance Inc. Has $7.82 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Xponance Inc. grew its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,752 shares of the construction company's stock after purchasing an additional 972 shares during the quarter. Xponance Inc.'s holdings in Quanta Services were worth $7,823,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PWR. Kestra Private Wealth Services LLC raised its position in Quanta Services by 85.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after purchasing an additional 2,184 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Quanta Services by 5.6% during the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after acquiring an additional 11,012 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of Quanta Services by 34.0% during the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after acquiring an additional 1,830 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Quanta Services by 4.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock valued at $5,554,000 after acquiring an additional 793 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new stake in Quanta Services in the fourth quarter worth about $1,754,000. Institutional investors own 90.49% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Stifel Nicolaus cut their price target 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. Roth Mkm began coverage on Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 target price on the stock. Truist Financial decreased their target price on Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Finally, Guggenheim initiated coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a "neutral" rating on the stock. Seven investment 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $326.79.

Quanta Services Stock Up 4.1 %

NYSE PWR traded up $10.99 during trading hours on Monday, hitting $279.21. 1,346,596 shares of the company traded hands, compared to its average volume of 1,749,181. The stock has a market capitalization of $41.38 billion, a price-to-earnings ratio of 46.30, a P/E/G ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The business's 50-day moving average is $289.30 and its 200-day moving average is $304.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30.

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

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be paid a $0.10 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.14%. Quanta Services's dividend payout ratio (DPR) is currently 6.63%.

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.