Sheaff Brock Investment Advisors LLC Purchases 72 Shares of Quanta Services, Inc. (NYSE:PWR)

Sheaff Brock Investment Advisors LLC increased its position in Quanta Services, Inc. (NYSE:PWR) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,220 shares of the construction company’s stock after purchasing an additional 72 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Quanta Services were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PWR. Webster Bank N. A. boosted its stake in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Prestige Wealth Management Group LLC bought a new position in Quanta Services during the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in Quanta Services during the 3rd quarter valued at about $31,000. Sound Income Strategies LLC lifted its stake in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after acquiring an additional 91 shares during the period. Finally, Versant Capital Management Inc lifted its stake 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 acquiring an additional 45 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 2.0 %

Quanta Services stock opened at $285.13 on Monday. The firm has a 50 day moving average of $320.72 and a 200 day moving average of $304.69. The firm has a market capitalization of $42.09 billion, a price-to-earnings ratio of 52.61, a P/E/G ratio of 1.56 and a beta of 1.05. Quanta Services, Inc. has a 12-month low of $206.58 and a 12-month high of $365.88. 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 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 issued a dividend of $0.10 per share. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s dividend payout ratio (DPR) is 7.38%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup lowered their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Truist Financial lowered their target price on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus upped their price target on shares of Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $330.50.

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.