Gladstone Institutional Advisory LLC Has $2.57 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Gladstone Institutional Advisory LLC increased its position in Quanta Services, Inc. (NYSE:PWR) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,143 shares of the construction company’s stock after buying an additional 178 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Quanta Services were worth $2,574,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. boosted its holdings in Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Prestige Wealth Management Group LLC bought a new position in shares of Quanta Services in the 3rd quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the 3rd quarter worth approximately $31,000. Sound Income Strategies LLC boosted its position in Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Down 1.4 %

NYSE:PWR opened at $298.44 on Thursday. Quanta Services, Inc. has a fifty-two week low of $205.82 and a fifty-two week high of $365.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $44.05 billion, a PE ratio of 55.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. The business’s 50-day simple moving average is $322.55 and its 200-day simple moving average is $303.94.

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 of this dividend was Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio is currently 7.38%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Bank of America began coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price on the stock. Guggenheim started coverage on Quanta Services in a research note on Wednesday, January 8th. They set a “neutral” rating for the company. Truist Financial dropped their price target on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. increased their price objective on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, 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 report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.50.

About Quanta Services

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.