Schechter Investment Advisors LLC acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,393 shares of the construction company’s stock, valued at approximately $232,000.
Several other hedge funds have also made changes to their positions in PWR. Vanguard Personalized Indexing Management LLC boosted its holdings in Quanta Services by 2.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,592 shares of the construction company’s stock valued at $2,364,000 after acquiring an additional 374 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in Quanta Services by 10.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 113,980 shares of the construction company’s stock valued at $16,242,000 after acquiring an additional 10,663 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Quanta Services by 26.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 43,584 shares of the construction company’s stock valued at $6,210,000 after acquiring an additional 9,049 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in Quanta Services by 5.3% in the fourth quarter. Impax Asset Management Group plc now owns 6,561 shares of the construction company’s stock valued at $935,000 after acquiring an additional 331 shares during the last quarter. Finally, Seeyond boosted its holdings in Quanta Services by 33.5% in the fourth quarter. Seeyond now owns 4,678 shares of the construction company’s stock valued at $667,000 after acquiring an additional 1,173 shares during the last quarter. Institutional investors and hedge funds own 88.80% of the company’s stock.
Insider Buying and Selling at Quanta Services
In other news, VP Dorothy Upperman sold 4,074 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $183.87, for a total transaction of $749,086.38. Following the completion of the transaction, the vice president now directly owns 13,078 shares of the company’s stock, valued at $2,404,651.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Dorothy Upperman sold 4,074 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $183.87, for a total transaction of $749,086.38. Following the completion of the transaction, the vice president now directly owns 13,078 shares of the company’s stock, valued at $2,404,651.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Derrick A. Jensen sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $169.36, for a total value of $16,936,000.00. Following the transaction, the executive vice president now directly owns 282,225 shares of the company’s stock, valued at $47,797,626. The disclosure for this sale can be found here. Insiders have sold 247,074 shares of company stock worth $42,242,506 over the last quarter. 1.30% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Quanta Services Trading Up 0.0 %
Shares of NYSE PWR opened at $200.03 on Friday. The stock’s 50 day moving average price is $185.66 and its two-hundred day moving average price is $167.27. Quanta Services, Inc. has a 52-week low of $123.25 and a 52-week high of $202.49. The stock has a market capitalization of $29.04 billion, a P/E ratio of 59.01 and a beta of 1.07. The company has a quick ratio of 1.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.74.
Quanta Services (NYSE:PWR – Get Free Report) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.15. Quanta Services had a return on equity of 15.72% and a net margin of 2.86%. The firm had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.08 billion. On average, analysts anticipate that Quanta Services, Inc. will post 6.42 earnings per share for the current fiscal year.
Quanta Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend was Friday, June 30th. Quanta Services’s payout ratio is currently 9.44%.
Quanta Services Profile
Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.
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