Guyasuta Investment Advisors Inc. Purchases Shares of 71,432 Quanta Services, Inc. (NYSE:PWR)

Guyasuta Investment Advisors Inc. purchased a new stake in Quanta Services, Inc. (NYSE:PWR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,432 shares of the construction company’s stock, valued at approximately $15,415,000. Quanta Services comprises approximately 1.1% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 29th biggest position.

Several other hedge funds also recently added to or reduced their stakes in PWR. Grove Bank & Trust boosted its stake in shares of 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 acquiring an additional 68 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company’s stock worth $34,000 after acquiring an additional 52 shares in the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Quanta Services during the 4th quarter worth about $41,000. NBC Securities Inc. purchased a new stake in shares of Quanta Services during the 3rd quarter worth about $36,000. Finally, Planned Solutions Inc. purchased a new stake in shares of Quanta Services during the 4th quarter worth about $43,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Up 1.0 %

PWR stock traded up $2.63 on Monday, hitting $264.29. 428,229 shares of the company were exchanged, compared to its average volume of 917,548. Quanta Services, Inc. has a twelve month low of $153.74 and a twelve month high of $265.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.44. The business’s fifty day moving average is $246.91 and its two-hundred day moving average is $212.10. The stock has a market capitalization of $38.69 billion, a price-to-earnings ratio of 52.23 and a beta of 1.11.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.21. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. The company had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. As a group, research analysts forecast that Quanta Services, Inc. will post 7.63 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were paid a $0.09 dividend. The ex-dividend date was Monday, April 8th. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. Quanta Services’s dividend payout ratio (DPR) is presently 7.19%.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the transaction, the executive vice president now directly owns 263,725 shares in the company, valued at approximately $62,476,452.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Donald Wayne sold 1,101 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $261.94, for a total value of $288,395.94. Following the transaction, the executive vice president now directly owns 40,065 shares in the company, valued at approximately $10,494,626.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Derrick A. Jensen sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the completion of the transaction, the executive vice president now owns 263,725 shares in the company, valued at $62,476,452.50. The disclosure for this sale can be found here. Insiders have sold 47,125 shares of company stock worth $11,270,215 in the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of research reports. KeyCorp initiated coverage on shares of Quanta Services in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. TD Cowen increased their price objective on shares of Quanta Services from $205.00 to $270.00 and gave the company an “outperform” rating in a report on Tuesday, February 27th. DA Davidson increased their price objective on shares of Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group increased their price objective on shares of Quanta Services from $227.00 to $259.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Citigroup increased their price objective on shares of Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $247.67.

Quanta Services 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.