Quanta Services, Inc. (NYSE:PWR) Stake Increased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 164.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,915 shares of the construction company's stock after purchasing an additional 3,057 shares during the period. Axxcess Wealth Management LLC's holdings in Quanta Services were worth $1,553,000 at the end of the most recent reporting period.

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

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Quanta Services Stock Up 4.1 %

Shares of PWR stock traded up $10.99 during trading hours on Monday, reaching $279.21. The company had a trading volume of 1,346,596 shares, compared to its average volume of 1,749,181. The stock's fifty day simple moving average is $289.30 and its 200 day simple moving average is $304.61. The company has a market capitalization of $41.38 billion, a P/E ratio of 46.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. 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, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88.

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

Quanta Services Dividend Announcement

The firm also recently declared 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. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is 6.63%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research reports. Daiwa America cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. BMO Capital Markets raised 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. Bank of America began coverage on Quanta Services in a report on Friday, January 24th. They issued a "buy" rating and a $407.00 price target for the company. Truist Financial decreased their price objective on Quanta Services from $399.00 to $398.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Finally, Citigroup reduced their target price on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $326.79.

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.