Guyasuta Investment Advisors Inc. Acquires New Stake in Quanta Services, Inc. (NYSE:PWR)

Guyasuta Investment Advisors Inc. bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 71,432 shares of the construction company’s stock, valued at approximately $15,415,000. Quanta Services makes up 1.1% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 29th largest position.

Several other institutional investors have also recently made changes to their positions in PWR. Nordea Investment Management AB lifted its position in shares of Quanta Services by 8,297.7% during the fourth quarter. Nordea Investment Management AB now owns 912,413 shares of the construction company’s stock worth $196,205,000 after acquiring an additional 901,548 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Quanta Services by 1,494.0% in the third quarter. Qube Research & Technologies Ltd now owns 304,126 shares of the construction company’s stock worth $56,893,000 after purchasing an additional 285,047 shares during the period. Scout Investments Inc. increased its holdings in shares of Quanta Services by 20.3% in the third quarter. Scout Investments Inc. now owns 921,186 shares of the construction company’s stock worth $162,718,000 after purchasing an additional 155,586 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Quanta Services in the fourth quarter worth $31,730,000. Finally, Trust Point Inc. bought a new position in shares of Quanta Services in the fourth quarter worth $28,072,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Insider Activity

In other news, EVP Donald Wayne sold 1,101 shares of Quanta Services stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the transaction, the executive vice president now directly owns 40,065 shares in the company, valued at $10,494,626.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Derrick A. Jensen sold 18,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now owns 263,725 shares of the company’s stock, valued at approximately $62,476,452.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Donald Wayne sold 1,101 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total transaction of $288,395.94. Following the completion of the sale, the executive vice president now directly owns 40,065 shares of the company’s stock, valued at approximately $10,494,626.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,125 shares of company stock worth $11,270,215. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PWR. Evercore ISI initiated coverage on shares of Quanta Services in a report on Tuesday, February 13th. They issued an “outperform” rating and a $237.00 price target on the stock. Stifel Nicolaus raised their price objective on Quanta Services from $237.00 to $252.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. DA Davidson raised their price objective on Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. KeyCorp initiated coverage on Quanta Services in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, Citigroup raised their price objective on Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $247.67.

Quanta Services Stock Up 1.0 %

PWR traded up $2.63 on Monday, hitting $264.29. The company had a trading volume of 428,229 shares, compared to its average volume of 917,548. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.44. Quanta Services, Inc. has a 52-week low of $153.74 and a 52-week high of $265.82. The stock has a fifty day simple moving average of $246.91 and a 200-day simple moving average of $212.10. The firm has a market capitalization of $38.69 billion, a P/E ratio of 52.23 and a beta of 1.11.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.83 by $0.21. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. The business had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the business posted $1.54 earnings per share. Quanta Services’s quarterly revenue was up 31.0% compared to the same quarter last year. As a group, equities analysts expect that Quanta Services, Inc. will post 7.63 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. Quanta Services’s payout ratio is 7.19%.

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.