Hollow Brook Wealth Management LLC Increases Stake in Quanta Services, Inc. (NYSE:PWR)

Hollow Brook Wealth Management LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,444 shares of the construction company’s stock after purchasing an additional 264 shares during the period. Quanta Services makes up 1.3% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Hollow Brook Wealth Management LLC’s holdings in Quanta Services were worth $3,334,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Grove Bank & Trust grew its holdings in Quanta Services by 75.6% during the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock valued at $30,000 after buying an additional 68 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of Quanta Services by 47.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock valued at $34,000 after buying an additional 52 shares in the last quarter. Valley National Advisers Inc. acquired a new position in Quanta Services during the fourth quarter worth $41,000. NBC Securities Inc. acquired a new stake in shares of Quanta Services in the third quarter valued at about $36,000. Finally, Planned Solutions Inc. bought a new position in shares of Quanta Services in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Worthing Jackman sold 9,572 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the completion of the sale, the director now directly owns 7,486 shares of the company’s stock, valued at approximately $1,776,502.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Margaret B. Shannon sold 8,515 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $239.92, for a total transaction of $2,042,918.80. Following the completion of the sale, the director now directly owns 34,063 shares of the company’s stock, valued at approximately $8,172,394.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Worthing Jackman sold 9,572 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total value of $2,271,531.32. Following the sale, the director now directly owns 7,486 shares of the company’s stock, valued at $1,776,502.66. The disclosure for this sale can be found here. Insiders sold 47,125 shares of company stock valued at $11,270,215 in the last three months. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Citigroup lifted their price objective on shares of Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. DA Davidson lifted their target price on shares of Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. TD Cowen boosted their price objective on shares of Quanta Services from $205.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Finally, KeyCorp initiated coverage on shares of Quanta Services in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $247.67.

Quanta Services Price Performance

NYSE PWR traded down $3.80 during mid-day trading on Tuesday, hitting $258.54. The stock had a trading volume of 1,066,476 shares, compared to its average volume of 925,198. The firm’s 50 day moving average is $247.93 and its 200 day moving average is $212.69. Quanta Services, Inc. has a twelve month low of $153.74 and a twelve month high of $265.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.44. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 52.36 and a beta of 1.11.

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

Quanta Services Announces Dividend

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

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.