Quanta Services, Inc. (NYSE:PWR) Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,332 shares of the construction company’s stock after buying an additional 1,400 shares during the period. Leavell Investment Management Inc.’s holdings in Quanta Services were worth $4,214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PWR. Versor Investments LP purchased a new stake in shares of Quanta Services in the third quarter valued at approximately $406,000. Principal Financial Group Inc. lifted its holdings in Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock valued at $61,932,000 after acquiring an additional 11,012 shares during the period. Synovus Financial Corp boosted its position in shares of Quanta Services by 34.0% during the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock worth $2,148,000 after purchasing an additional 1,830 shares in the last quarter. Waverton Investment Management Ltd grew its stake in shares of Quanta Services by 6.5% during the 3rd quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock worth $12,509,000 after purchasing an additional 2,557 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of Quanta Services in the 3rd quarter valued at about $1,193,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 2.6 %

PWR stock opened at $302.45 on Wednesday. Quanta Services, Inc. has a one year low of $205.82 and a one year high of $365.88. The stock has a market capitalization of $44.64 billion, a P/E ratio of 55.80, a PEG ratio of 1.56 and a beta of 1.05. The company has a 50 day moving average price of $323.25 and a two-hundred day moving average price of $303.98. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23.

Quanta Services Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. UBS Group boosted their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Guggenheim began coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. Truist Financial dropped their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. TD Cowen boosted their target price on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Daiwa America raised Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $330.50.

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.