Commerzbank Aktiengesellschaft FI Makes New Investment in Quanta Services, Inc. (NYSE:PWR)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 889 shares of the construction company’s stock, valued at approximately $265,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in shares of Quanta Services by 523.0% during the 1st quarter. Sunbelt Securities Inc. now owns 1,626 shares of the construction company’s stock valued at $422,000 after buying an additional 1,365 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Quanta Services by 13.4% in the 1st quarter. Brookstone Capital Management now owns 12,672 shares of the construction company’s stock valued at $3,292,000 after purchasing an additional 1,501 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Quanta Services by 11.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,881 shares of the construction company’s stock valued at $9,062,000 after purchasing an additional 3,640 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in shares of Quanta Services by 15.6% in the 1st quarter. 180 Wealth Advisors LLC now owns 3,089 shares of the construction company’s stock valued at $803,000 after purchasing an additional 416 shares in the last quarter. Finally, New England Research & Management Inc. increased its stake in shares of Quanta Services by 19.1% in the 1st quarter. New England Research & Management Inc. now owns 14,631 shares of the construction company’s stock valued at $3,801,000 after purchasing an additional 2,350 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 1.1 %

NYSE:PWR opened at $309.93 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $285.59 and its two-hundred day moving average is $270.48. Quanta Services, Inc. has a 52 week low of $153.74 and a 52 week high of $317.91. The stock has a market capitalization of $45.66 billion, a price-to-earnings ratio of 58.48 and a beta of 1.01.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. Quanta Services had a return on equity of 16.29% and a net margin of 3.59%. The company had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Research analysts anticipate that Quanta Services, Inc. will post 7.82 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Tuesday, October 1st. Quanta Services’s dividend payout ratio is currently 6.79%.

Insider Transactions at Quanta Services

In other news, CEO Earl C. Jr. Austin sold 130,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $262.21, for a total transaction of $34,087,300.00. Following the sale, the chief executive officer now owns 593,402 shares of the company’s stock, valued at approximately $155,595,938.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Earl C. Jr. Austin sold 130,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $262.21, for a total value of $34,087,300.00. Following the transaction, the chief executive officer now owns 593,402 shares of the company’s stock, valued at $155,595,938.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO James Redgie Probst sold 34,000 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $260.03, for a total value of $8,841,020.00. Following the completion of the transaction, the chief operating officer now directly owns 29,002 shares in the company, valued at $7,541,390.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,357 shares of company stock valued at $53,115,572. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus boosted their price objective on Quanta Services from $283.00 to $342.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wolfe Research assumed coverage on Quanta Services in a research note on Thursday, September 19th. They set an “outperform” rating and a $313.00 price objective for the company. Robert W. Baird boosted their price objective on Quanta Services from $287.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. UBS Group boosted their target price on Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Northland Securities boosted their target price on Quanta Services from $264.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $308.07.

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.