180 Wealth Advisors LLC Has $704,000 Holdings in Quanta Services, Inc. (NYSE:PWR)

180 Wealth Advisors LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,227 shares of the construction company’s stock after buying an additional 43 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Quanta Services were worth $704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PWR. Prestige Wealth Management Group LLC acquired a new position in Quanta Services during the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC bought a new position in shares of Quanta Services in the 3rd quarter valued at $31,000. Quest Partners LLC acquired a new position in shares of Quanta Services during the 2nd quarter worth $35,000. Versant Capital Management Inc lifted its position in shares of Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after buying an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Quanta Services in the third quarter valued at about $41,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PWR has been the subject of a number of research reports. Citigroup increased their target price on shares of Quanta Services from $348.00 to $394.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Daiwa Capital Markets started coverage on shares of Quanta Services in a research report on Friday, December 6th. They issued an “outperform” rating and a $355.00 target price on the stock. Robert W. Baird boosted their target price on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Guggenheim began coverage on Quanta Services in a report on Wednesday, January 8th. They set a “neutral” rating on the stock. Finally, TD Cowen upped their target price on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $324.25.

Quanta Services Price Performance

Shares of NYSE PWR opened at $319.22 on Wednesday. The company has a market capitalization of $47.12 billion, a PE ratio of 58.90 and a beta of 1.06. 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, Inc. has a twelve month low of $187.27 and a twelve month high of $350.19. The firm has a fifty day simple moving average of $328.56 and a 200 day simple moving average of $295.00.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same period last year, the company posted $2.08 EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts forecast that Quanta Services, Inc. will post 7.9 EPS for the current year.

Quanta Services Increases Dividend

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

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.