Ritter Daniher Financial Advisory LLC DE Has $215,000 Stock Position in Quanta Services, Inc. (NYSE:PWR)

Ritter Daniher Financial Advisory LLC DE cut its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 681 shares of the construction company’s stock after selling 122 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Quanta Services were worth $215,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Paloma Partners Management Co increased its holdings in Quanta Services by 139.3% during the third quarter. Paloma Partners Management Co now owns 682 shares of the construction company’s stock worth $203,000 after buying an additional 397 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Quanta Services during the 3rd quarter worth about $511,000. Janus Henderson Group PLC raised its holdings in shares of Quanta Services by 4.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,221 shares of the construction company’s stock valued at $5,134,000 after purchasing an additional 800 shares during the period. IHT Wealth Management LLC lifted its stake in Quanta Services by 2.7% in the 3rd quarter. IHT Wealth Management LLC now owns 1,816 shares of the construction company’s stock valued at $541,000 after purchasing an additional 47 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in Quanta Services by 4.2% during the third quarter. Royal London Asset Management Ltd. now owns 59,723 shares of the construction company’s stock worth $17,801,000 after purchasing an additional 2,415 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Down 5.0 %

Shares of PWR opened at $239.50 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. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The firm has a market cap of $35.49 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.41 and a beta of 1.04. The business’s fifty day moving average is $273.15 and its 200-day moving average is $304.21.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.17%. Quanta Services’s payout ratio is presently 6.63%.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of recent analyst reports. Truist Financial cut their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Roth Mkm assumed coverage on shares of Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 price objective for the company. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective on the stock. Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, B. Riley reissued a “neutral” rating and issued a $300.00 price target (down from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.79.

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.