Quanta Services, Inc. (NYSE:PWR) recently saw an increase in shares acquired by Bradley Foster & Sargent Inc. CT, according to their most recent disclosure with the Securities and Exchange Commission. The firm now owns 8,859 shares of Quanta Services’ stock, representing a 6.0% increase during the second quarter. With this acquisition, Bradley Foster & Sargent Inc. CT has strengthened its holdings in the construction company.
Quanta Services, Inc. has attracted attention from other institutional investors and hedge funds as well. Jones Financial Companies Lllp increased its stake in the company by 2,400.0% in the first quarter. ICA Group Wealth Management LLC, TCTC Holdings LLC, Coppell Advisory Solutions Corp., and Venturi Wealth Management LLC have also recently bought positions in Quanta Services. In fact, 87.86% of the company’s stock is currently owned by institutional investors and hedge funds.
In a recent insider transaction, EVP Donald Wayne sold 5,000 shares of Quanta Services stock. The sale, which took place on Friday, September 1st, amounted to a total transaction value of $1,054,600.00. Following the sale, Wayne still holds 41,323 shares in the company, with a value of $8,715,847.16.
Quanta Services’ stock has been trading down 0.2% recently. The company’s shares opened at $169.50 on Friday. Over the past year, the stock has had a low of $134.61 and a high of $212.82. Quanta Services currently has a market cap of $24.63 billion, a P/E ratio of 36.14, and a beta of 1.11. Its 50-day simple moving average is $182.32, while its 200-day simple moving average is $186.58. The firm has a debt-to-equity ratio of 0.66, a current ratio of 1.61, and a quick ratio of 1.57.
A notable development for Quanta Services is the recent announcement of a quarterly dividend. Investors who were recorded on Monday, October 2nd received a $0.08 dividend. The ex-dividend date for this dividend was Friday, September 29th. The company’s current annualized dividend is $0.32, representing a dividend yield of 0.19%. Quanta Services has a payout ratio of 6.82%.
Research analysts have been closely following the stock and have provided their insights. StockNews.com recently initiated coverage on Quanta Services, providing a “hold” rating for the company. Credit Suisse Group increased their price target for the stock from $201.00 to $238.00, giving it an “outperform” rating. Similarly, Robert W. Baird reiterated an “outperform” rating and set a price target of $219.00. Northland Securities raised their price target from $190.00 to $210.00, while Argus increased their price target to $248.00, stating a “buy” rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” with a consensus price target of $208.91.
Quanta Services, Inc. engages in providing infrastructure solutions for various industries, including electric and gas utility, renewable energy, communications, and pipeline and energy. Their Electric Power Infrastructure Solutions segment focuses on the design, procurement, construction, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, as well as substation facilities. They are also involved in the installation of smart grid technologies on electric power networks, as well as the design, installation, maintenance, and repair of commercial and industrial wirings.
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Frequently Asked Questions (FAQ)
1. Who recently acquired shares of Quanta Services?
Bradley Foster & Sargent Inc. CT recently acquired an additional 501 shares of Quanta Services’ stock.
2. What is the current dividend yield for Quanta Services?
Quanta Services has an annualized dividend of $0.32, representing a dividend yield of 0.19%.
3. What are the analysts’ ratings for Quanta Services?
The stock has a consensus rating of “Moderate Buy” with a consensus price target of $208.91.
4. What sector does Quanta Services operate in?
Quanta Services provides infrastructure solutions for various industries, including electric and gas utility, renewable energy, communications, and pipeline and energy.
5. Where can I find more information about Quanta Services’ holdings and insider trades?
Interested individuals can visit HoldingsChannel.com for the latest 13F filings and insider trades related to Quanta Services.