Cwm LLC lessened its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 0.6% in the third quarter, HoldingsChannel.com reports. The firm owned 5,355 shares of the construction company’s stock after selling 33 shares during the quarter. Cwm LLC’s holdings in Quanta Services were worth $1,597,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC increased its position in shares of Quanta Services by 0.6% during the second quarter. EP Wealth Advisors LLC now owns 6,994 shares of the construction company’s stock worth $1,777,000 after buying an additional 39 shares during the period. Westside Investment Management Inc. grew its holdings in Quanta Services by 20.5% during the 2nd quarter. Westside Investment Management Inc. now owns 241 shares of the construction company’s stock worth $61,000 after acquiring an additional 41 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Quanta Services by 5.0% in the 2nd quarter. Ameritas Advisory Services LLC now owns 876 shares of the construction company’s stock worth $223,000 after acquiring an additional 42 shares in the last quarter. Aspen Investment Management Inc lifted its stake in shares of Quanta Services by 3.7% in the 2nd quarter. Aspen Investment Management Inc now owns 1,254 shares of the construction company’s stock valued at $319,000 after purchasing an additional 45 shares during the period. Finally, Terra Nova Asset Management LLC boosted its position in shares of Quanta Services by 0.4% during the 2nd quarter. Terra Nova Asset Management LLC now owns 12,741 shares of the construction company’s stock valued at $3,237,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.
Insiders Place Their Bets
In related news, insider Karl W. Studer sold 23,357 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $270.51, for a total transaction of $6,318,302.07. Following the completion of the sale, the insider now directly owns 10,631 shares of the company’s stock, valued at approximately $2,875,791.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Quanta Services news, insider Karl W. Studer sold 23,357 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $270.51, for a total value of $6,318,302.07. Following the completion of the transaction, the insider now owns 10,631 shares in the company, valued at $2,875,791.81. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Redgie Probst sold 34,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $260.03, for a total value of $8,841,020.00. Following the sale, the chief operating officer now directly owns 29,002 shares of the company’s stock, valued at approximately $7,541,390.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 202,357 shares of company stock valued at $53,115,572 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on PWR
Quanta Services Stock Down 1.8 %
PWR stock opened at $305.48 on Wednesday. The stock’s 50 day moving average is $277.20 and its 200-day moving average is $267.72. Quanta Services, Inc. has a twelve month low of $153.74 and a twelve month high of $313.56. The firm has a market capitalization of $44.72 billion, a PE ratio of 59.20 and a beta of 1.01. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.45.
Quanta Services (NYSE:PWR – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.15. The firm had revenue of $5.59 billion for the quarter, compared to the consensus estimate of $5.51 billion. Quanta Services had a net margin of 3.59% and a return on equity of 16.29%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 EPS. Sell-side analysts expect that Quanta Services, Inc. will post 7.81 EPS for the current fiscal year.
Quanta Services Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st were paid a $0.09 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $0.36 annualized dividend and a yield of 0.12%. Quanta Services’s dividend payout ratio (DPR) is 6.98%.
About Quanta Services
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.
Read More
- Five stocks we like better than Quanta Services
- Quiet Period Expirations Explained
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- What is MarketRankā¢? How to Use it
- AMD Gains Momentum With AI: Can It Beat Expectations?
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Want to see what other hedge funds are holding PWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Quanta Services, Inc. (NYSE:PWR – Free Report).
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.