Monument Capital Management lifted its position in shares of Quanta Services, Inc. (NYSE:PWR – Get Rating) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,749 shares of the construction company's stock after buying an additional 906 shares during the period. Quanta Services comprises 1.5% of Monument Capital Management's investment portfolio, making the stock its 15th largest position. Monument Capital Management's holdings in Quanta Services were worth $3,917,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of PWR. Ronald Blue Trust Inc. purchased a new position in Quanta Services in the 2nd quarter worth approximately $28,000. Atwood & Palmer Inc. boosted its holdings in Quanta Services by 116.0% in the second quarter. Atwood & Palmer Inc. now owns 270 shares of the construction company's stock worth $34,000 after acquiring an additional 145 shares in the last quarter. Hallmark Capital Management Inc. bought a new stake in Quanta Services in the second quarter worth $35,000. Clear Street Markets LLC boosted its holdings in Quanta Services by 417.2% in the second quarter. Clear Street Markets LLC now owns 300 shares of the construction company's stock worth $38,000 after acquiring an additional 242 shares in the last quarter. Finally, CX Institutional bought a new position in shares of Quanta Services during the second quarter valued at $39,000. 89.29% of the stock is owned by hedge funds and other institutional investors.
Get Quanta Services alerts:Quanta Services Stock Performance
PWR traded down $0.18 during midday trading on Monday, reaching $149.82. The company had a trading volume of 52,220 shares, compared to its average volume of 871,464. The company has a quick ratio of 1.57, a current ratio of 1.60 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average of $145.88 and a two-hundred day moving average of $140.78. The company has a market cap of $21.41 billion, a P/E ratio of 51.19 and a beta of 1.10. Quanta Services, Inc. has a 1 year low of $97.00 and a 1 year high of $155.00.
Quanta Services (NYSE:PWR – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The construction company reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.01). The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.38 billion. Quanta Services had a return on equity of 16.35% and a net margin of 2.61%. As a group, equities research analysts predict that Quanta Services, Inc. will post 5.77 earnings per share for the current fiscal year.Quanta Services Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Tuesday, January 3rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. This is a positive change from Quanta Services's previous quarterly dividend of $0.07. The ex-dividend date was Friday, December 30th. Quanta Services's dividend payout ratio (DPR) is presently 10.92%.
Analyst Ratings Changes
PWR has been the topic of a number of research analyst reports. KeyCorp upped their price target on Quanta Services from $156.00 to $174.00 in a report on Tuesday, November 8th. StockNews.com assumed coverage on Quanta Services in a research report on Wednesday, October 12th. They set a "hold" rating for the company. UBS Group upped their price objective on Quanta Services to $170.00 in a research report on Monday, November 21st. Cowen upped their price objective on Quanta Services from $155.00 to $165.00 in a research report on Tuesday, December 27th. Finally, Credit Suisse Group upped their price objective on Quanta Services from $168.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.92.
Quanta Services Profile
(Get Rating)
Quanta Services, Inc is engaged in the provision of specialty contracting services, offering infrastructure solutions to the electric power, oil and gas, and communication industries. It is operated through the following segments: Electric Power Infrastructure Services, and Underground Utility & Infrastructure Solutions.
Read More
- Get a free copy of the StockNews.com research report on Quanta Services (PWR)
- InterDigital Raises Its Earnings Guidance
- GE Healthcare Technology: Speculating On Dividends
- Grab Shares Are Suddenly On Track To Double
- Why Extreme Networks is a Recession-Proof Technology Play
- Is Seagate Technology Signaling the End of its Normalization?
Want to see what other hedge funds are holding PWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services, Inc. (NYSE:PWR – Get Rating).
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.