Quanta Services Inc (NYSE:PWR) VP Sells $252,809.04 in Stock

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Quanta Services Inc (NYSE:PWR) VP Dorothy Upperman sold 5,764 shares of Quanta Services stock in a transaction on Monday, November 4th. The stock was sold at an average price of $43.86, for a total transaction of $252,809.04. Following the transaction, the vice president now directly owns 13,134 shares of the company’s stock, valued at $576,057.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:PWR opened at $42.93 on Friday. Quanta Services Inc has a twelve month low of $27.90 and a twelve month high of $44.09. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 16.97 and a beta of 1.23. The stock has a fifty day simple moving average of $39.60 and a 200-day simple moving average of $37.35. The company has a current ratio of 1.82, a quick ratio of 1.80 and a debt-to-equity ratio of 0.51.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, October 31st. The construction company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. Quanta Services had a return on equity of 12.17% and a net margin of 2.81%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $0.88 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities research analysts predict that Quanta Services Inc will post 2.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a $0.04 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.16 annualized dividend and a dividend yield of 0.37%. Quanta Services’s payout ratio is currently 6.32%.

PWR has been the subject of several research analyst reports. Vertical Research initiated coverage on Quanta Services in a research report on Friday, August 23rd. They set a “buy” rating and a $41.00 target price for the company. Citigroup lifted their target price on Quanta Services from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. TheStreet upgraded Quanta Services from a “c+” rating to a “b-” rating in a research report on Wednesday, September 25th. ValuEngine upgraded Quanta Services from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Stephens set a $42.00 target price on Quanta Services and gave the stock a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.86.

Several hedge funds have recently added to or reduced their stakes in the stock. Crow Point Partners LLC raised its holdings in shares of Quanta Services by 3.4% in the third quarter. Crow Point Partners LLC now owns 9,848 shares of the construction company’s stock valued at $372,000 after acquiring an additional 326 shares in the last quarter. LS Investment Advisors LLC raised its holdings in shares of Quanta Services by 2.3% in the second quarter. LS Investment Advisors LLC now owns 15,781 shares of the construction company’s stock valued at $603,000 after acquiring an additional 350 shares in the last quarter. First National Bank of Omaha raised its holdings in shares of Quanta Services by 0.3% in the second quarter. First National Bank of Omaha now owns 146,928 shares of the construction company’s stock valued at $5,611,000 after acquiring an additional 372 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Quanta Services by 60.7% in the third quarter. Parkside Financial Bank & Trust now owns 1,038 shares of the construction company’s stock valued at $39,000 after acquiring an additional 392 shares in the last quarter. Finally, Peddock Capital Advisors LLC raised its holdings in shares of Quanta Services by 2.5% in the second quarter. Peddock Capital Advisors LLC now owns 18,252 shares of the construction company’s stock valued at $697,000 after acquiring an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.

About Quanta Services

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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