Pathstone Holdings LLC Grows Position in Quanta Services, Inc. (NYSE:PWR)

Pathstone Holdings LLC boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 4.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,552 shares of the construction company’s stock after purchasing an additional 1,416 shares during the quarter. Pathstone Holdings LLC’s holdings in Quanta Services were worth $9,705,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in shares of Quanta Services in the first quarter valued at approximately $25,000. Cambridge Trust Co. purchased a new position in shares of Quanta Services in the first quarter valued at $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Quanta Services in the second quarter valued at $33,000. Quest Partners LLC purchased a new position in shares of Quanta Services in the second quarter valued at $35,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new stake in shares of Quanta Services during the second quarter valued at $38,000. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of PWR stock opened at $332.36 on Thursday. The stock has a 50 day moving average of $306.37 and a two-hundred day moving average of $279.24. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12 month low of $180.97 and a 12 month high of $335.00. The company has a market capitalization of $49.06 billion, a P/E ratio of 61.32 and a beta of 1.01.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The company had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter last year, the company earned $2.08 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts expect that Quanta Services, Inc. will post 7.88 EPS for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Tuesday, October 1st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.36 annualized dividend and a dividend yield of 0.11%. Quanta Services’s dividend payout ratio (DPR) is presently 6.64%.

Analysts Set New Price Targets

PWR has been the topic of a number of research analyst reports. TD Cowen raised their price target on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Robert W. Baird raised their target price on Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial lifted their price objective on Quanta Services from $319.00 to $358.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Northland Securities reiterated an “outperform” rating and issued a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Finally, B. Riley boosted their price objective on Quanta Services from $286.00 to $303.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $314.27.

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.