Ieq Capital LLC has reduced its stake in Quanta Services Inc. by 5.1% during the second quarter, according to the Securities and Exchange Commission. The company now owns 7,827 shares of Quanta Services’ stock, down from 8,250 shares. This move has decreased the value of Ieq Capital LLC’s holdings by $0.3 million. Other institutional investors have also made changes to their positions in the stock, with some increasing their holdings significantly.
This news comes after a number of equities analysts have issued reports on Quanta Services’ stock. Analysts at Argus have raised their price objective on the shares from $234.00 to $248.00, reporting a “buy” rating. Citigroup has also lifted their price objective to $234.00 and given the stock a “buy” rating. However, DA Davidson has rated the stock as “neutral,” while Northland Securities has assigned a target price of $210.00. Quanta Services currently has an average target price of $208.91 and an average rating of “Moderate Buy.”
On a positive note, Quanta Services’ stock is trading up by 2.8%. The stock opened at $169.76 and has a 52-week low of $134.61 and a 52-week high of $212.82. The company has a market capitalization of $24.66 billion with a P/E ratio of 43.31 and a beta of 1.11. The company’s 50-day simple moving average is $183.13, and its 200-day simple moving average is $186.70.
Quanta Services has also announced a quarterly dividend of $0.08 per share, which was paid on October 13th. Shareholders of record on October 2nd received this dividend. The company’s dividend payout ratio is currently 8.16%.
Quanta Services is a global provider of infrastructure solutions for various industries, including electric and gas utilities, renewable energy, communications, and pipelines. The company specializes in the design, construction, maintenance, and repair of infrastructure projects.
Frequently Asked Questions
1. What is the current stake of Ieq Capital LLC in Quanta Services Inc.?
Ieq Capital LLC currently owns 7,827 shares of Quanta Services’ stock.
2. How have other institutional investors and hedge funds changed their positions in Quanta Services?
A number of institutional investors and hedge funds have made changes to their positions in Quanta Services’ stock. Some have increased their holdings, while the stake of Ieq Capital LLC has decreased.
3. What are analysts saying about the stock?
Analysts have been optimistic about Quanta Services’ stock, with some raising their price targets and issuing “buy” ratings. However, there are also analysts who have given a “neutral” rating.
4. What is the current trading price of Quanta Services’ stock?
Quanta Services’ stock is currently trading up by 2.8% at $169.76.
5. What is Quanta Services’ main business?
Quanta Services is a global provider of infrastructure solutions for electric and gas utilities, renewable energy, communications, and pipelines.