Boothbay Fund Management LLC Boosts Holdings in Quanta Services, Inc. (NYSE:PWR)

Boothbay Fund Management LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 36.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,231 shares of the construction company's stock after buying an additional 9,847 shares during the period. Boothbay Fund Management LLC's holdings in Quanta Services were worth $11,767,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC increased its holdings in Quanta Services by 85.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after acquiring an additional 2,184 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after purchasing an additional 11,012 shares during the period. Synovus Financial Corp raised its position in shares of Quanta Services by 34.0% in the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock worth $2,148,000 after buying an additional 1,830 shares in the last quarter. Allstate Corp bought a new stake in Quanta Services during the fourth quarter valued at $1,357,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Quanta Services by 4.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock worth $5,554,000 after buying an additional 793 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Roth Capital raised Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Guggenheim started coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a "neutral" rating for the company. BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $338.00 to $316.00 in a report on Tuesday, February 25th. Truist Financial dropped their price objective on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, B. Riley reissued a "neutral" rating and issued a $300.00 target price (down previously from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and a consensus price target of $321.70.

Quanta Services Trading Up 1.5 %

NYSE:PWR traded up $4.18 during midday trading on Monday, reaching $291.52. 1,058,534 shares of the stock traded hands, compared to its average volume of 1,633,555. The stock has a market capitalization of $43.22 billion, a P/E ratio of 48.35, a PEG ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The company has a fifty day moving average of $261.84 and a 200 day moving average of $300.27. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.62 by $0.12. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services's dividend payout ratio is currently 6.63%.

About Quanta Services

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.