Montag A & Associates Inc. Reduces Holdings in Quanta Services, Inc. (NYSE:PWR)

Montag A & Associates Inc. reduced its stake in Quanta Services, Inc. (NYSE:PWR) by 1.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,184 shares of the construction company’s stock after selling 126 shares during the quarter. Montag A & Associates Inc.’s holdings in Quanta Services were worth $3,851,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. lifted its stake in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after buying an additional 81 shares during the period. Prestige Wealth Management Group LLC purchased a new position in Quanta Services in the 3rd quarter worth $30,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services during the 3rd quarter worth about $31,000. Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Quanta Services by 62.5% in the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after purchasing an additional 45 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

PWR opened at $285.13 on Friday. The firm’s fifty day simple moving average is $320.72 and its two-hundred day simple moving average is $304.42. Quanta Services, Inc. has a 52-week low of $206.58 and a 52-week high of $365.88. The company has a market cap of $42.09 billion, a price-to-earnings ratio of 52.61, a PEG ratio of 1.56 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Quanta Services Increases Dividend

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

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities reiterated an “outperform” rating and issued a $328.00 price objective (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Truist Financial decreased their target price on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird boosted their price objective on Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average 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.