Hager Investment Management Services LLC Invests $2.03 Million in Quanta Services, Inc. (NYSE:PWR)

Hager Investment Management Services LLC purchased a new position in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 6,428 shares of the construction company’s stock, valued at approximately $2,032,000. Quanta Services accounts for approximately 1.3% of Hager Investment Management Services LLC’s investment portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Quanta Services during the second quarter valued at about $634,000. Czech National Bank boosted its stake 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 buying an additional 2,185 shares in the last quarter. GAMMA Investing LLC boosted its stake in Quanta Services by 67.9% during the third quarter. GAMMA Investing LLC now owns 3,149 shares of the construction company’s stock valued at $939,000 after buying an additional 1,273 shares in the last quarter. Diversified Trust Co boosted its stake 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 buying an additional 51 shares in the last quarter. Finally, Mather Group LLC. boosted its stake 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 buying an additional 221 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PWR shares. Citigroup decreased their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus increased their price target on Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Truist Financial decreased their price target 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. UBS Group increased their price target on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen increased their price target on Quanta Services from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Four 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $330.50.

Quanta Services Stock Down 0.7 %

PWR opened at $299.85 on Wednesday. The business has a 50-day moving average of $326.84 and a 200-day moving average of $302.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services, Inc. has a fifty-two week low of $200.23 and a fifty-two week high of $365.88. The company has a market capitalization of $44.26 billion, a PE ratio of 55.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05.

Quanta Services Increases Dividend

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

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.