Hantz Financial Services Inc. Sells 1,958 Shares of Quanta Services, Inc. (NYSE:PWR)

Hantz Financial Services Inc. decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,451 shares of the construction company’s stock after selling 1,958 shares during the period. Hantz Financial Services Inc.’s holdings in Quanta Services were worth $2,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PWR. Alkeon Capital Management LLC lifted its holdings in Quanta Services by 62.5% in the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after acquiring an additional 250,000 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Quanta Services in the 4th quarter worth approximately $46,364,000. International Assets Investment Management LLC boosted its holdings in shares of Quanta Services by 29,655.3% in the third quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock worth $44,269,000 after buying an additional 147,980 shares during the last quarter. Public Sector Pension Investment Board grew its position in Quanta Services by 81.7% during the third quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after buying an additional 125,530 shares during the period. Finally, Meitav Investment House Ltd. purchased a new stake in Quanta Services during the third quarter valued at approximately $27,430,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 3.9 %

Shares of PWR stock opened at $309.52 on Friday. 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 stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 57.11 and a beta of 1.06. Quanta Services, Inc. has a 12-month low of $193.52 and a 12-month high of $365.88. The stock’s 50-day moving average price is $329.27 and its 200-day moving average price is $300.65.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the previous year, the company posted $2.08 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. Equities research 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 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 annualized dividend and a dividend yield of 0.13%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. Quanta Services’s dividend payout ratio is currently 7.38%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PWR. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday. Daiwa America upgraded Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Truist Financial decreased their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Guggenheim initiated coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating for the company. Finally, Daiwa Capital Markets started coverage on shares of Quanta Services in a report on Friday, December 6th. They set an “outperform” rating and a $355.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $330.06.

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.