Quanta Services, Inc. (NYSE:PWR) Stock Holdings Reduced by Capital Planning LLC

Capital Planning LLC lowered its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,564 shares of the construction company’s stock after selling 712 shares during the period. Quanta Services comprises 5.0% of Capital Planning LLC’s portfolio, making the stock its 5th largest holding. Capital Planning LLC’s holdings in Quanta Services were worth $19,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Asset Management LLC lifted its holdings in shares of Quanta Services by 264.9% in the fourth quarter. Empirical Asset Management LLC now owns 25,046 shares of the construction company’s stock valued at $7,916,000 after purchasing an additional 18,183 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of Quanta Services by 25.8% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 1,337 shares of the construction company’s stock valued at $422,000 after purchasing an additional 274 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Quanta Services by 10.6% in the fourth quarter. Ritholtz Wealth Management now owns 4,608 shares of the construction company’s stock valued at $1,456,000 after purchasing an additional 440 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Quanta Services by 4.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company’s stock valued at $5,554,000 after purchasing an additional 793 shares in the last quarter. Finally, HCR Wealth Advisors lifted its holdings in shares of Quanta Services by 7.5% in the fourth quarter. HCR Wealth Advisors now owns 6,108 shares of the construction company’s stock valued at $1,930,000 after purchasing an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR stock opened at $335.92 on Friday. The company has a market capitalization of $49.59 billion, a PE ratio of 61.98 and a beta of 1.06. The firm has a fifty day simple moving average of $329.23 and a 200-day simple moving average of $295.52. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a twelve month low of $187.27 and a twelve month high of $350.19.

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

Quanta Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s dividend payout ratio is 7.38%.

Analyst Ratings Changes

Several analysts have issued reports on PWR shares. Daiwa Capital Markets initiated coverage on shares of Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target on the stock. UBS Group upped their price target on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Citigroup upped their price target on shares of Quanta Services from $348.00 to $394.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus upped their price target on shares of Quanta Services from $343.00 to $374.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $324.19.

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.