Onyx Bridge Wealth Group LLC Has $328,000 Stake in Quanta Services, Inc. (NYSE:PWR)

Onyx Bridge Wealth Group LLC trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,039 shares of the construction company’s stock after selling 159 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Quanta Services were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PWR. Czech National Bank boosted its position in Quanta Services by 7.9% during the third quarter. Czech National Bank now owns 30,012 shares of the construction company’s stock valued at $8,948,000 after acquiring an additional 2,185 shares during the last quarter. Diversified Trust Co boosted its position in Quanta Services by 5.7% during the third quarter. Diversified Trust Co now owns 948 shares of the construction company’s stock valued at $283,000 after acquiring an additional 51 shares during the last quarter. Mather Group LLC. boosted its position in Quanta Services by 31.8% during the third quarter. Mather Group LLC. now owns 916 shares of the construction company’s stock valued at $273,000 after acquiring an additional 221 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in Quanta Services during the third quarter valued at $220,000. Finally, Brookstone Capital Management boosted its position in Quanta Services by 34.8% during the third quarter. Brookstone Capital Management now owns 24,537 shares of the construction company’s stock valued at $7,316,000 after acquiring an additional 6,340 shares during the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 4.0 %

NYSE:PWR opened at $310.81 on Friday. 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 firm has a market cap of $45.88 billion, a price-to-earnings ratio of 57.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. Quanta Services, Inc. has a 52 week low of $205.82 and a 52 week high of $365.88. The firm has a 50-day moving average price of $325.27 and a two-hundred day moving average price of $302.28.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a $0.10 dividend. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.13%. Quanta Services’s dividend payout ratio (DPR) is 7.38%.

Analysts Set New Price Targets

A number of analysts have commented on PWR shares. BMO Capital Markets assumed coverage on shares of Quanta Services in a research report on Monday. They set an “outperform” rating and a $338.00 price target on the stock. Robert W. Baird increased their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group increased their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 price objective on the stock. Finally, Guggenheim assumed coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $330.50.

Quanta Services 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.