Bogart Wealth LLC Decreases Holdings in Quanta Services, Inc. (NYSE:PWR)

Bogart Wealth LLC cut its position in shares of Quanta Services, Inc. (NYSE:PWR) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,282 shares of the construction company’s stock after selling 319 shares during the quarter. Bogart Wealth LLC’s holdings in Quanta Services were worth $4,514,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PWR. Webster Bank N. A. raised its stake in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after buying an additional 81 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new position in Quanta Services during the third quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of Quanta Services in the third quarter valued at about $31,000. Sound Income Strategies LLC grew its position in shares of Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Shares of PWR stock opened at $290.94 on Friday. Quanta Services, Inc. has a twelve month low of $206.58 and a twelve month high of $365.88. The company has a market capitalization of $42.95 billion, a PE ratio of 53.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $322.55 and a 200-day simple moving average of $303.94.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s payout ratio is presently 7.38%.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of analyst reports. Bank of America started coverage on Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Truist Financial cut their price objective on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. UBS Group boosted their price target on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Northland Securities reiterated an “outperform” rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Finally, Robert W. Baird upped their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $330.50.

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.