Segment Wealth Management Significantly Boosts Stake in Quanta Services

Segment Wealth Management LLC significantly boosted its investment in Quanta Services Inc. traded on the NYSE under the ticker symbol PWR during the quarter according to their latest filing with the SEC, on Form 13F. The firm now owns 60,842 shares of the companys stock after adding 41 880 shares in this quarter. This investment accounts for 1. 2 % Of Segment Wealth Managements portfolio and ranks Quanta Services as their 19th largest holding. Based on the SEC filing data available now indicates that the estimated value of this ownership stake is, around $18 million and $140 thousand dollars.

Several other investment firms have made changes to their investments in Quanta Services well.Wellington Management Group LLP notably increased its ownership by 581% now possessing 117014 shares valued at $25252000 following the purchase of a 99840 shares.In the quarter of this year AdvisorNet Financial Inc saw a 13% increase in their holdings to 2269 shares worth $589000, after acquiring an extra 269 shares.Sunbelt Securities Inc also joined the trend by expanding its position by a 523% holding a total of 1626 shares valued at $422000 after purchasing an extra 1365 shares during the same quarter. Brookstone Capital Management increased its ownership by 13% adding 1, 501 shares to their portfolio for a total of 12 672 shares worth $3, 292 000. During the quarter Clarity Financial LLC made a new investment in Quanta Services with, around $356, 000. At present institutional investors and hedge funds collectively hold 90. 49% Of the companys shares.

Recommendations from analysts and their projections, on stock prices.
Several stock market analysts have recently shared their opinions on Quanta Services performance, in the market. On October 10th Stifel Nicolaus raised their projected price from 283 dollars to 342 dollars while maintaining a buy" recommendation. Truist Financial also increased their estimate from 319 dollars to 358 dollars on October 9th. Labeled it as a "buy" suggestion. Another analyst named B.Riley adjusted their target price from 286 dollars to 303 dollars on August 2nd. Likewise endorsed the company with a "buy" rating. Robert W Baird increased their target price slightly from $287 to $288 on July 19th with an "rating attached to the stock. On August 2nd Northland Securities raised their target price from $264 to 280. Also marked it as "outperform." Overall there are four analysts who have rated the stock as "hold" and eleven have given it a "buy" rating. MarketBeat data shows that the consensus rating is a "Moderate Buy" with a price target of, around $303.

Highlights of stock performance and financial aspects
Quanta Services started trading at $312. 87 On Wednesday with a market value of $46. 10 Billion. The firm has a P/E ratio of 59. 03 And a beta of 1. 01. In the year the stock price has fluctuated between $153.. $317. 91. The 50 day moving average is currently at $283. 89 While the 200 day average is, at $269. 95. The business keeps a ratio of 1;25 and a current ratio of 1;30 with a debt, to equity ratio of 0;45.

In its recent financial report released on August 1st Quanta Services disclosed that its earnings per share (EPS) stood at $ 190 outperforming the predicted figure of $ 175 by a margin of $ 015. The company generated $ 559 billion in revenue for the quarter surpassing the estimated amount of $ 551 billion. This represents a year over year increase in revenue by 10. 9 %. Quanta Services also recorded a return, on equity of sixteen point two nine % and a net margin of three point fifty nine %. In the quarter last year the company reported earnings per share of $ 4. Seven analysts predict that Quanta Services will achieve an earnings per share of 7. Eighty two, for this fiscal year.

The company just announced a dividend that was distributed on Friday the 11th of October for shareholders listed on Tuesday the 1st of October receiving a dividend payment of nine cents per share with an ex dividend date also set for October 1st bringing the yearly dividend to thirty six cents, per share with a yield of point twelve percent. Quanta Services has a payout ratio of six point seven nine percent.

In House Deals
CEO Earl C Austin Jr recently sold 130000 shares on August 14th for a price of about 262 dollars per share which totaled around 34087300 dollars in sales earnings He now owns a total of 593402 shares valued at approximately 15559593842 dollars showing a slight decrease in his overall holdings In addition insider Gerald A Ducey Jr unloaded 15000 shares on August 9th at an average price of roughly 25793 dollars amounting to nearly 3868950 dollars He currently holds about 21286 shares worth close, to 549029798 dollarsIn the three months alone company insiders have sold a total of 202357 shares valued at $53115572 presently owning 110 percent of the stock.

Quanta Services is a company that provides services.
Quanta Services offers a range of infrastructure solutions for various industries such as electric and gas utilities and renewable energy sectors across multiple countries like the United States and Canada as well as international markets like Australia. Their Electric Power Infrastructure Solutions division focuses on tasks like designing and building electric power transmission networks and substations along, with upgrades and maintenance services. They also work on projects involving the implementation of grid technologies and providing design and maintenance services for commercial and industrial wiring systems.

Insights, from the business world.
When considering whether to invest in Quanta Services or not it's important to take into account that MarketBeat closely follows the recommendations of Wall Street analysts regarding various stocks in the market today. These analysts have highlighted five stocks that are currently being recommended to clients but may not receive much attention from the general market. While Quanta Services has received a "Moderate Buy" rating from analysts these five stocks are viewed favorably as investment opportunities by the top rated analysts, in the industry.