Radnor Capital Management LLC Grows Stock Position in Quanta Services, Inc. (NYSE:PWR)

Radnor Capital Management LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,125 shares of the construction company’s stock after buying an additional 185 shares during the quarter. Radnor Capital Management LLC’s holdings in Quanta Services were worth $2,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clarus Wealth Advisors grew its holdings in Quanta Services by 8.4% in the fourth quarter. Clarus Wealth Advisors now owns 3,266 shares of the construction company’s stock valued at $1,026,000 after purchasing an additional 253 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Quanta Services by 9.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,042 shares of the construction company’s stock valued at $329,000 after purchasing an additional 89 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Quanta Services by 6.8% during the 4th quarter. Park Avenue Securities LLC now owns 15,028 shares of the construction company’s stock valued at $4,750,000 after buying an additional 956 shares during the period. Kathmere Capital Management LLC increased its holdings in shares of Quanta Services by 14.3% during the 4th quarter. Kathmere Capital Management LLC now owns 918 shares of the construction company’s stock worth $290,000 after buying an additional 115 shares during the last quarter. Finally, Rockland Trust Co. purchased a new position in shares of Quanta Services in the 4th quarter worth $256,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Shares of NYSE PWR opened at $319.22 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a fifty-two week low of $187.27 and a fifty-two week high of $350.19. The business has a 50 day moving average price of $328.56 and a two-hundred day moving average price of $295.00. The firm has a market cap of $47.12 billion, a PE ratio of 58.90 and a beta of 1.06.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.26. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.08 earnings per share. Sell-side analysts expect that Quanta Services, Inc. will post 7.9 earnings per share for the current fiscal year.

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 is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PWR shares. Robert W. Baird upped their price target on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen increased their target price on shares of Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. Wolfe Research started coverage on shares of Quanta Services in a research note on Thursday, September 19th. They set an “outperform” rating and a $313.00 price objective for the company. Finally, Truist Financial raised their target price on shares of Quanta Services from $358.00 to $399.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $324.25.

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.