Quanta Services, Inc. (NYSE:PWR) Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its position in Quanta Services, Inc. (NYSE:PWR) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,823 shares of the construction company’s stock after purchasing an additional 63 shares during the period. Quanta Services makes up approximately 2.7% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 9th largest holding. Adell Harriman & Carpenter Inc. owned approximately 0.08% of Quanta Services worth $38,502,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PWR. CX Institutional purchased a new position in Quanta Services in the third quarter valued at about $208,000. Creative Planning grew its stake in shares of Quanta Services by 7.5% in the third quarter. Creative Planning now owns 22,262 shares of the construction company’s stock valued at $6,637,000 after buying an additional 1,562 shares in the last quarter. Swedbank AB raised its holdings in shares of Quanta Services by 4.6% during the 3rd quarter. Swedbank AB now owns 960,081 shares of the construction company’s stock valued at $286,248,000 after buying an additional 42,579 shares during the period. Bleakley Financial Group LLC lifted its position in Quanta Services by 1.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,946 shares of the construction company’s stock worth $2,071,000 after acquiring an additional 66 shares in the last quarter. Finally, TruWealth Advisors LLC boosted its holdings in Quanta Services by 7.8% in the 3rd quarter. TruWealth Advisors LLC now owns 44,970 shares of the construction company’s stock worth $13,408,000 after acquiring an additional 3,245 shares during the period. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Northland Securities reissued an “outperform” rating and set a $328.00 target price (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Stifel Nicolaus raised their target price on Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Truist Financial cut their price target on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their price objective on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $330.50.

Quanta Services Trading Down 2.0 %

Quanta Services stock opened at $285.13 on Friday. The company has a market cap of $42.09 billion, a P/E ratio of 52.61, a PEG ratio of 1.56 and a beta of 1.05. Quanta Services, Inc. has a 1 year low of $206.58 and a 1 year high of $365.88. The firm’s 50-day moving average is $320.72 and its 200-day moving average is $304.05. 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 business also recently declared 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 represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. Quanta Services’s dividend payout ratio is presently 7.38%.

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.