D L Carlson Investment Group Inc. Has $3.78 Million Stake in Quanta Services, Inc. (NYSE:PWR)

D L Carlson Investment Group Inc. increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 53.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,946 shares of the construction company’s stock after purchasing an additional 4,178 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Quanta Services were worth $3,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC bought a new stake in Quanta Services during the 3rd quarter valued at $211,000. CreativeOne Wealth LLC bought a new position in Quanta Services in the 3rd quarter worth about $656,000. Erste Asset Management GmbH purchased a new position in Quanta Services during the 3rd quarter valued at about $21,696,000. Paloma Partners Management Co increased its position in shares of Quanta Services by 139.3% during the third quarter. Paloma Partners Management Co now owns 682 shares of the construction company’s stock valued at $203,000 after buying an additional 397 shares during the period. Finally, Bamco Inc. NY lifted its holdings in shares of Quanta Services by 0.3% in the third quarter. Bamco Inc. NY now owns 322,789 shares of the construction company’s stock worth $96,240,000 after buying an additional 1,010 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Truist Financial lowered their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. B. Riley restated a “neutral” rating and set a $300.00 target price (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. JPMorgan Chase & Co. raised their price target on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Citigroup cut their price objective on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Seven 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.79.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $254.17 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The company’s 50 day moving average is $283.07 and its 200 day moving average is $305.05. The company has a market cap of $37.67 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

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

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.