AM Investment Strategies LLC Buys 400 Shares of Quanta Services, Inc. (NYSE:PWR)

AM Investment Strategies LLC lifted its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,581 shares of the construction company’s stock after purchasing an additional 400 shares during the period. AM Investment Strategies LLC’s holdings in Quanta Services were worth $773,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PWR. Grove Bank & Trust raised its stake in Quanta Services by 75.6% in the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock valued at $30,000 after acquiring an additional 68 shares during the period. Hazlett Burt & Watson Inc. raised its stake in Quanta Services by 47.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after acquiring an additional 52 shares during the period. NBC Securities Inc. bought a new stake in Quanta Services in the 3rd quarter valued at $36,000. Valley National Advisers Inc. bought a new stake in Quanta Services in the 4th quarter valued at $41,000. Finally, Planned Solutions Inc. bought a new stake in Quanta Services in the 4th quarter valued at $43,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR traded up $2.01 during trading hours on Thursday, hitting $255.19. 604,114 shares of the company were exchanged, compared to its average volume of 920,756. The company has a market cap of $37.35 billion, a price-to-earnings ratio of 50.94 and a beta of 1.11. Quanta Services, Inc. has a fifty-two week low of $153.74 and a fifty-two week high of $265.82. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $245.08 and its 200 day moving average is $210.71.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.21. The business had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.19 billion. Quanta Services had a return on equity of 16.46% and a net margin of 3.57%. Quanta Services’s revenue was up 31.0% compared to the same quarter last year. During the same period last year, the firm posted $1.54 earnings per share. On average, equities analysts anticipate that Quanta Services, Inc. will post 7.63 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.14%. The ex-dividend date was Monday, April 8th. Quanta Services’s dividend payout ratio (DPR) is presently 7.19%.

Insider Activity at Quanta Services

In related news, EVP Derrick A. Jensen sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the sale, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at $62,476,452.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the sale, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at approximately $62,476,452.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Margaret B. Shannon sold 8,515 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $239.92, for a total transaction of $2,042,918.80. Following the completion of the transaction, the director now owns 34,063 shares of the company’s stock, valued at $8,172,394.96. The disclosure for this sale can be found here. Insiders have sold 47,125 shares of company stock valued at $11,270,215 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PWR. Evercore ISI began coverage on Quanta Services in a research report on Tuesday, February 13th. They set an “outperform” rating and a $237.00 price objective on the stock. Stifel Nicolaus increased their price objective on Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Citigroup increased their price objective on Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday. DA Davidson increased their price objective on Quanta Services from $190.00 to $225.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, KeyCorp began coverage on Quanta Services in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $247.67.

Quanta Services Company 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.