Pathstone Family Office LLC Acquires 1,991 Shares of Quanta Services, Inc. (NYSE:PWR)

Pathstone Family Office LLC lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWRFree Report) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,352 shares of the construction company’s stock after purchasing an additional 1,991 shares during the quarter. Pathstone Family Office LLC’s holdings in Quanta Services were worth $2,311,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PWR. J.W. Cole Advisors Inc. grew its stake in Quanta Services by 1.2% in the second quarter. J.W. Cole Advisors Inc. now owns 4,503 shares of the construction company’s stock valued at $885,000 after purchasing an additional 55 shares in the last quarter. Western Wealth Management LLC lifted its holdings in Quanta Services by 3.8% during the 2nd quarter. Western Wealth Management LLC now owns 1,597 shares of the construction company’s stock worth $314,000 after purchasing an additional 59 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Quanta Services by 0.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,511 shares of the construction company’s stock worth $2,340,000 after purchasing an additional 67 shares during the last quarter. Gray Wealth Management Inc. lifted its holdings in Quanta Services by 6.2% during the 3rd quarter. Gray Wealth Management Inc. now owns 1,168 shares of the construction company’s stock worth $218,000 after purchasing an additional 68 shares during the last quarter. Finally, Grove Bank & Trust lifted its holdings in Quanta Services by 75.6% during the 3rd quarter. Grove Bank & Trust now owns 158 shares of the construction company’s stock worth $30,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 87.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PWR shares. Citigroup lifted their price target on Quanta Services from $234.00 to $237.00 and gave the stock a “buy” rating in a report on Friday, January 26th. KeyCorp started coverage on Quanta Services in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Stifel Nicolaus lifted their price objective on Quanta Services from $212.00 to $237.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Finally, The Goldman Sachs Group raised Quanta Services from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $214.00 to $211.00 in a report on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $220.80.

Check Out Our Latest Stock Report on PWR

Quanta Services Price Performance

Quanta Services stock opened at $210.11 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.57 and a current ratio of 1.61. Quanta Services, Inc. has a 52 week low of $147.33 and a 52 week high of $219.17. The stock has a market capitalization of $30.53 billion, a P/E ratio of 44.80 and a beta of 1.06. The stock has a fifty day moving average of $204.58 and a 200-day moving average of $194.21.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.09 per share. This is an increase from Quanta Services’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Friday, December 29th. Quanta Services’s dividend payout ratio is 7.68%.

About Quanta Services

(Free Report)

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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