Quanta Services, Inc. (NYSE:PWR) Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 12.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,184 shares of the construction company’s stock after selling 461 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Quanta Services were worth $1,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Versor Investments LP purchased a new position in shares of Quanta Services in the third quarter worth $406,000. Principal Financial Group Inc. raised its stake in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock worth $61,932,000 after acquiring an additional 11,012 shares during the last quarter. Asio Capital LLC purchased a new stake in Quanta Services during the 3rd quarter valued at about $2,715,000. Synovus Financial Corp increased its holdings 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 valued at $2,148,000 after purchasing an additional 1,830 shares during the period. Finally, Waverton Investment Management Ltd raised its stake in shares of Quanta Services by 6.5% in the third quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock worth $12,509,000 after purchasing an additional 2,557 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 4.0 %

PWR opened at $310.81 on Friday. The company has a market cap of $45.88 billion, a PE ratio of 57.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. Quanta Services, Inc. has a twelve month low of $205.82 and a twelve month high of $365.88. The company has a 50-day moving average price of $325.27 and a 200 day moving average price of $302.28. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.10 dividend. The ex-dividend date was Thursday, January 2nd. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. Quanta Services’s payout ratio is currently 7.38%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price target 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. Citigroup reduced their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. UBS Group upped their price target on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Truist Financial decreased their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Northland Securities reissued an “outperform” rating and issued a $328.00 price target (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.50.

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.