Signal Advisors Wealth LLC Purchases 2,119 Shares of Quanta Services, Inc. (NYSE:PWR)

Signal Advisors Wealth LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 18.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,897 shares of the construction company's stock after acquiring an additional 2,119 shares during the period. Signal Advisors Wealth LLC's holdings in Quanta Services were worth $4,392,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new stake in shares of Quanta Services in the 2nd quarter valued at about $1,031,000. Quest Partners LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth approximately $35,000. LPL Financial LLC raised its stake in Quanta Services by 15.1% in the 2nd quarter. LPL Financial LLC now owns 154,176 shares of the construction company's stock valued at $39,174,000 after acquiring an additional 20,205 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in Quanta Services during the 2nd quarter valued at $421,000. Finally, Oppenheimer Asset Management Inc. boosted its position in Quanta Services by 26.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,255 shares of the construction company's stock worth $319,000 after purchasing an additional 262 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of Quanta Services stock traded up $4.99 during trading on Tuesday, reaching $319.22. 1,087,789 shares of the company's stock were exchanged, compared to its average volume of 925,046. The firm's 50-day moving average price is $328.46 and its 200 day moving average price is $294.54. The company has a market cap of $47.12 billion, a P/E ratio of 58.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services, Inc. has a 1-year low of $187.27 and a 1-year high of $350.19.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $0.26. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted $2.08 EPS. As a group, research analysts anticipate that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from Quanta Services's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. Quanta Services's dividend payout ratio is 7.38%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Quanta Services from $358.00 to $399.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Northland Securities reaffirmed an "outperform" rating and issued a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Guggenheim started coverage on Quanta Services in a report on Wednesday, January 8th. They set a "neutral" rating for the company. Stifel Nicolaus boosted their price target on Quanta Services from $343.00 to $374.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. assumed coverage on Quanta Services in a research report on Monday, October 7th. They set a "neutral" rating and a $297.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and an average target price of $324.25.

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.