Quanta Services, Inc. (NYSE:PWR) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lessened its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 13.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,069 shares of the construction company’s stock after selling 167 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Quanta Services were worth $338,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brookstone Capital Management raised its stake in shares of Quanta Services by 22.2% in the 4th quarter. Brookstone Capital Management now owns 29,982 shares of the construction company’s stock valued at $9,476,000 after acquiring an additional 5,445 shares during the period. Fiduciary Alliance LLC raised its position in Quanta Services by 26.6% in the fourth quarter. Fiduciary Alliance LLC now owns 26,870 shares of the construction company’s stock valued at $8,492,000 after purchasing an additional 5,643 shares during the period. Czech National Bank lifted its stake in shares of Quanta Services by 6.6% during the fourth quarter. Czech National Bank now owns 32,006 shares of the construction company’s stock worth $10,115,000 after purchasing an additional 1,994 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Quanta Services by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,910 shares of the construction company’s stock worth $920,000 after buying an additional 72 shares during the period. Finally, ORG Wealth Partners LLC grew its stake in shares of Quanta Services by 71.9% in the fourth quarter. ORG Wealth Partners LLC now owns 550 shares of the construction company’s stock valued at $174,000 after buying an additional 230 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PWR shares. JPMorgan Chase & Co. assumed coverage on Quanta Services in a report on Monday, October 7th. They issued a “neutral” rating and a $297.00 price target for the company. Truist Financial raised their price target on shares of Quanta Services from $358.00 to $399.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Robert W. Baird boosted their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wolfe Research assumed coverage on Quanta Services in a research note on Thursday, September 19th. They set an “outperform” rating and a $313.00 target price for the company. Finally, Citigroup boosted their price target on Quanta Services from $348.00 to $394.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $324.25.

Quanta Services Stock Up 0.3 %

PWR stock opened at $314.38 on Tuesday. The firm has a market cap of $46.41 billion, a price-to-earnings ratio of 58.00 and a beta of 1.06. Quanta Services, Inc. has a 1-year low of $187.27 and a 1-year high of $350.19. The firm has a fifty day moving average price of $328.26 and a two-hundred day moving average price of $294.21. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same quarter in the previous year, the firm posted $2.08 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts predict that Quanta Services, Inc. will post 7.9 EPS for the current year.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a $0.10 dividend. 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 yield of 0.13%. Quanta Services’s dividend payout ratio (DPR) is currently 7.38%.

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.