Annis Gardner Whiting Capital Advisors LLC Has $332,000 Position in Quanta Services, Inc. (NYSE:PWR)

Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 805.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,050 shares of the construction company’s stock after purchasing an additional 934 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Quanta Services were worth $332,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Paloma Partners Management Co boosted its position in shares of Quanta Services by 139.3% in the third quarter. Paloma Partners Management Co now owns 682 shares of the construction company’s stock valued at $203,000 after acquiring an additional 397 shares during the period. Benjamin Edwards Inc. bought a new stake in Quanta Services in the 3rd quarter valued at $511,000. Janus Henderson Group PLC grew its position in Quanta Services by 4.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,221 shares of the construction company’s stock worth $5,134,000 after purchasing an additional 800 shares during the last quarter. Investment Management Corp of Ontario increased its holdings in shares of Quanta Services by 48.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 4,880 shares of the construction company’s stock worth $1,455,000 after purchasing an additional 1,600 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Quanta Services by 328.7% in the third quarter. Integrated Wealth Concepts LLC now owns 21,644 shares of the construction company’s stock valued at $6,453,000 after buying an additional 16,595 shares during the period. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Down 4.8 %

Shares of PWR opened at $251.87 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The company has a market cap of $37.33 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 1.41 and a beta of 1.10. The stock has a fifty day moving average price of $275.52 and a two-hundred day moving average price of $304.22. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services’s dividend payout ratio is currently 6.63%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PWR. Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Truist Financial cut their target price on 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 upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. Citigroup dropped their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Roth Mkm began coverage on shares of Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 target price on the stock. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average price target of $326.79.

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.