Everpar Advisors LLC Acquires Shares of 2,026 Quanta Services, Inc. (NYSE:PWR)

Everpar Advisors LLC bought a new position in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,026 shares of the construction company’s stock, valued at approximately $437,000.

Other large investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Quanta Services by 1.1% in the third quarter. FMR LLC now owns 4,229,280 shares of the construction company’s stock valued at $791,171,000 after purchasing an additional 44,141 shares during the period. Morgan Stanley increased its stake in shares of Quanta Services by 3.3% during the third quarter. Morgan Stanley now owns 1,539,987 shares of the construction company’s stock valued at $288,086,000 after buying an additional 49,602 shares during the period. Northern Trust Corp raised its holdings in shares of Quanta Services by 3.9% in the third quarter. Northern Trust Corp now owns 1,452,347 shares of the construction company’s stock valued at $271,691,000 after acquiring an additional 54,268 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Quanta Services by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,412,589 shares of the construction company’s stock worth $264,253,000 after acquiring an additional 40,233 shares during the period. Finally, UBS Group AG increased its position in Quanta Services by 0.5% during the 3rd quarter. UBS Group AG now owns 947,689 shares of the construction company’s stock valued at $177,284,000 after purchasing an additional 4,800 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock traded down $2.02 during mid-day trading on Wednesday, reaching $264.86. 977,829 shares of the company traded hands, compared to its average volume of 942,267. Quanta Services, Inc. has a fifty-two week low of $153.74 and a fifty-two week high of $271.96. The firm’s fifty day moving average is $251.91 and its two-hundred day moving average is $216.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.32. The company has a market capitalization of $38.77 billion, a price-to-earnings ratio of 51.72 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.21. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.19 billion. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. On average, equities research analysts expect that Quanta Services, Inc. will post 7.63 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a yield of 0.14%. Quanta Services’s dividend payout ratio is currently 6.98%.

Insider Buying and Selling

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

Analysts Set New Price Targets

PWR has been the topic of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Robert W. Baird boosted their price target on Quanta Services from $265.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. DA Davidson raised their price objective on Quanta Services from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday. TD Cowen boosted their target price 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, B. Riley raised their price target on shares of Quanta Services from $246.00 to $286.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $262.00.

About Quanta Services

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.