J.W. Cole Advisors Inc. Has $1.32 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

J.W. Cole Advisors Inc. lowered its stake in Quanta Services, Inc. (NYSE:PWR) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,161 shares of the construction company’s stock after selling 224 shares during the period. J.W. Cole Advisors Inc.’s holdings in Quanta Services were worth $1,315,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Quanta Services by 3.4% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 2,220 shares of the construction company’s stock worth $702,000 after acquiring an additional 72 shares during the period. Allworth Financial LP lifted its stake in Quanta Services by 27.2% during the fourth quarter. Allworth Financial LP now owns 1,842 shares of the construction company’s stock worth $582,000 after purchasing an additional 394 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Quanta Services by 9.0% in the 4th quarter. Principal Securities Inc. now owns 2,259 shares of the construction company’s stock valued at $714,000 after purchasing an additional 187 shares in the last quarter. Everhart Financial Group Inc. increased its stake in shares of Quanta Services by 3.0% in the 4th quarter. Everhart Financial Group Inc. now owns 4,265 shares of the construction company’s stock valued at $1,348,000 after purchasing an additional 125 shares during the last quarter. Finally, Vivid Wealth Management LLC acquired a new position in shares of Quanta Services during the 4th quarter worth $2,191,000. Institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $285.13 on Tuesday. 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’s fifty day simple moving average is $319.99 and its two-hundred day simple moving average is $304.91. Quanta Services, Inc. has a 12 month low of $206.58 and a 12 month high of $365.88. The stock has a market capitalization of $42.09 billion, a P/E ratio of 52.61, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.14%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio (DPR) is currently 7.38%.

Analyst Upgrades and Downgrades

Several research analysts have commented on PWR shares. Robert W. Baird boosted their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial dropped 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 note on Thursday, January 16th. BMO Capital Markets started coverage on shares of Quanta Services in a research note on Monday, February 3rd. They set an “outperform” rating and a $338.00 target price on the stock. Guggenheim initiated coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating for the company. Finally, Bank of America initiated coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective on the stock. Four equities research 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, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

Quanta Services 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.