Greenleaf Trust Has $1.03 Million Position in Quanta Services, Inc. (NYSE:PWR)

Greenleaf Trust boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,249 shares of the construction company’s stock after purchasing an additional 95 shares during the quarter. Greenleaf Trust’s holdings in Quanta Services were worth $1,027,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its holdings in shares of Quanta Services by 1.5% during the fourth quarter. DAVENPORT & Co LLC now owns 9,447 shares of the construction company’s stock worth $2,986,000 after buying an additional 136 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Quanta Services by 2.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,813 shares of the construction company’s stock valued at $1,521,000 after purchasing an additional 120 shares during the last quarter. Independence Bank of Kentucky boosted its holdings in Quanta Services by 20.3% in the 4th quarter. Independence Bank of Kentucky now owns 1,185 shares of the construction company’s stock valued at $375,000 after purchasing an additional 200 shares during the period. OFC Financial Planning LLC acquired a new stake in Quanta Services in the 4th quarter worth $760,000. Finally, SeaBridge Investment Advisors LLC bought a new position in shares of Quanta Services during the 4th quarter worth about $1,754,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of PWR stock opened at $301.97 on Tuesday. Quanta Services, Inc. has a 52 week low of $200.23 and a 52 week high of $365.88. The stock has a market capitalization of $44.57 billion, a PE ratio of 55.71, a PEG ratio of 1.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The stock’s fifty day moving average is $327.77 and its 200-day moving average is $301.96.

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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.13%. The ex-dividend date was Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PWR shares. Daiwa America raised Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. TD Cowen lifted their price objective on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. upped their target price on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Bank of America started coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target on the stock. Finally, BMO Capital Markets assumed coverage on shares of Quanta Services in a report on Monday. They set an “outperform” rating and a $338.00 price objective for the company. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus 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.