RPG Investment Advisory LLC Has $19.16 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

RPG Investment Advisory LLC decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,271 shares of the construction company's stock after selling 3,737 shares during the period. Quanta Services accounts for 2.7% of RPG Investment Advisory LLC's portfolio, making the stock its 7th largest position. RPG Investment Advisory LLC's holdings in Quanta Services were worth $19,162,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Quanta Services by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 16,341,230 shares of the construction company's stock valued at $4,245,452,000 after acquiring an additional 105,355 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Quanta Services by 5.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,862 shares of the construction company's stock worth $9,366,000 after purchasing an additional 1,981 shares during the period. Cetera Investment Advisers raised its holdings in shares of Quanta Services by 115.0% during the first quarter. Cetera Investment Advisers now owns 39,274 shares of the construction company's stock worth $10,203,000 after purchasing an additional 21,003 shares during the period. Czech National Bank raised its holdings in shares of Quanta Services by 8.9% during the second quarter. Czech National Bank now owns 27,827 shares of the construction company's stock worth $7,071,000 after purchasing an additional 2,264 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Quanta Services by 892.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the construction company's stock worth $262,000 after purchasing an additional 910 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Up 1.2 %

Shares of PWR traded up $3.81 on Wednesday, hitting $331.08. The company's stock had a trading volume of 341,856 shares, compared to its average volume of 894,170. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The firm's fifty day moving average price is $297.41 and its 200-day moving average price is $276.44. Quanta Services, Inc. has a fifty-two week low of $179.57 and a fifty-two week high of $335.00. The firm has a market capitalization of $48.87 billion, a price-to-earnings ratio of 61.27 and a beta of 1.01.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the prior year, the firm posted $2.08 EPS. The business's revenue was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Quanta Services, Inc. will post 7.88 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Tuesday, October 1st. Quanta Services's dividend payout ratio (DPR) is currently 6.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PWR. Citigroup increased their target price on shares of Quanta Services from $302.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Northland Securities reaffirmed an "outperform" rating and issued a $328.00 price objective (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Wolfe Research began coverage on shares of Quanta Services in a report on Thursday, September 19th. They issued an "outperform" rating and a $313.00 price objective on the stock. B. Riley increased their price objective on shares of Quanta Services from $286.00 to $303.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Quanta Services in a research report on Monday, October 7th. They issued a "neutral" rating and a $297.00 target price for the company. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $314.27.

Insiders Place Their Bets

In other news, insider Karl W. Studer sold 23,357 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $270.51, for a total transaction of $6,318,302.07. Following the sale, the insider now owns 10,631 shares in the company, valued at $2,875,791.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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.