Qsemble Capital Management LP Invests $1.25 Million in Quanta Services, Inc. (NYSE:PWR)

Qsemble Capital Management LP purchased a new position in Quanta Services, Inc. (NYSE:PWR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,906 shares of the construction company’s stock, valued at approximately $1,247,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PWR. Aveo Capital Partners LLC lifted its holdings in shares of Quanta Services by 11.0% in the fourth quarter. Aveo Capital Partners LLC now owns 1,313 shares of the construction company’s stock worth $283,000 after buying an additional 130 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Quanta Services in the fourth quarter worth about $296,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Quanta Services by 30.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,058 shares of the construction company’s stock worth $228,000 after buying an additional 248 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Quanta Services by 4.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 1,367 shares of the construction company’s stock worth $295,000 after buying an additional 60 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Quanta Services by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,282 shares of the construction company’s stock worth $1,140,000 after buying an additional 260 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 2.1 %

Shares of Quanta Services stock opened at $268.50 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.25 and a current ratio of 1.30. Quanta Services, Inc. has a 52-week low of $153.74 and a 52-week high of $286.87. The stock has a market capitalization of $39.31 billion, a price-to-earnings ratio of 52.03 and a beta of 1.01. The company’s 50 day moving average price is $259.87 and its 200-day moving average price is $259.84.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, August 1st. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.15. Quanta Services had a net margin of 3.59% and a return on equity of 16.29%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter last year, the business earned $1.47 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. Equities research analysts forecast that Quanta Services, Inc. will post 7.8 EPS for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Tuesday, October 1st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Tuesday, October 1st. Quanta Services’s dividend payout ratio is 6.98%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Argus raised their target price on shares of Quanta Services from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Jefferies Financial Group assumed coverage on shares of Quanta Services in a research note on Wednesday, September 4th. They issued a “hold” rating and a $256.00 target price on the stock. Robert W. Baird raised their target price on shares of Quanta Services from $287.00 to $288.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Citigroup raised their target price on shares of Quanta Services from $299.00 to $302.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Quanta Services from $259.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.50.

Insider Transactions at Quanta Services

In other news, insider Gerald A. Ducey, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $257.93, for a total value of $3,868,950.00. Following the transaction, the insider now owns 21,286 shares in the company, valued at $5,490,297.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Gerald A. Ducey, Jr. sold 15,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $257.93, for a total value of $3,868,950.00. Following the completion of the sale, the insider now owns 21,286 shares of the company’s stock, valued at $5,490,297.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Earl C. Jr. Austin sold 130,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $262.21, for a total value of $34,087,300.00. Following the completion of the sale, the chief executive officer now directly owns 593,402 shares of the company’s stock, valued at approximately $155,595,938.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 202,357 shares of company stock worth $53,115,572. Insiders own 1.10% of the company’s stock.

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.