ORG Wealth Partners LLC Buys 230 Shares of Quanta Services, Inc. (NYSE:PWR)

ORG Wealth Partners LLC raised its position in shares of Quanta Services, Inc. (NYSE:PWR) by 71.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 550 shares of the construction company’s stock after purchasing an additional 230 shares during the quarter. ORG Wealth Partners LLC’s holdings in Quanta Services were worth $174,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Quanta Services in the 3rd quarter worth approximately $31,000. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services in the third quarter worth about $30,000. Versant Capital Management Inc grew its holdings in Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Quanta Services during the 2nd quarter worth approximately $33,000. Finally, Quest Partners LLC bought a new position in shares of Quanta Services during the 2nd quarter valued at approximately $35,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Shares of NYSE:PWR traded down $0.82 during midday trading on Friday, reaching $311.38. 190,233 shares of the company’s stock traded hands, compared to its average volume of 810,930. The company has a market cap of $45.96 billion, a P/E ratio of 57.45 and a beta of 1.06. The company has a fifty day simple moving average of $328.05 and a two-hundred day simple moving average of $293.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services, Inc. has a 1 year low of $187.27 and a 1 year high of $350.19.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.26. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The firm had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Equities analysts predict that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.13%. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, January 2nd. Quanta Services’s dividend payout ratio (DPR) is 7.38%.

Analyst Ratings Changes

PWR has been the subject of several research reports. Northland Securities reiterated an “outperform” rating and set a $328.00 price objective (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Citigroup upped their price objective on Quanta Services from $348.00 to $394.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Wolfe Research started coverage on shares of Quanta Services in a research report on Thursday, September 19th. They set an “outperform” rating and a $313.00 price objective on the stock. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Finally, Robert W. Baird raised their price target on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $324.25.

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.