SMART Wealth LLC Invests $494,000 in Quanta Services, Inc. (NYSE:PWR)

SMART Wealth LLC has made a significant investment in Quanta Services, Inc. (NYSE:PWR) by acquiring a new stake during the fourth quarter of the year. This investment, detailed in their latest Form 13F filing with the SEC, involved the purchase of 1,564 shares of the construction company’s stock. The total value of this stake is approximately $494,000.

Institutional Investment Trends

Other institutional investors have also shown interest in Quanta Services, adjusting their positions over recent quarters. For instance, Alkeon Capital Management LLC increased its holdings in the company by 62.5% in the third quarter, amassing 650,000 shares worth roughly $193.8 million after acquiring an additional 250,000 shares. Another investor, Union Bancaire Privee UBP SA, launched a new position in Quanta Services valued at around $46.36 million in the same quarter. International Assets Investment Management LLC boosted its stake significantly in the third quarter, with an increase of 29,655.3%, resulting in ownership of 148,479 shares worth approximately $44.27 million. Similarly, Public Sector Pension Investment Board expanded its holdings by 81.7%, now owning 279,089 shares valued at about $83.21 million. These movements underscore the strong institutional interest in Quanta Services, with institutional investors collectively holding 90.49% of the company’s stock.

Analyst Ratings and Expectations

Wall Street analysts have recently shared their optimistic views on Quanta Services. Several research firms have upgraded their ratings on the company. Daiwa America, for example, has assigned a "strong-buy" rating. TD Cowen increased their price target to $335.00 while maintaining a "buy" rating. Additionally, Daiwa Capital Markets initiated coverage with an "outperform" rating and a target price of $355. Others, such as JPMorgan Chase & Co., have also raised their price targets, currently sitting at $323. A total of four analysts currently rate Quanta Services as a hold, while fifteen consider it a buy, indicating a generally positive outlook.

Stock Performance and Market Metrics

The performance of Quanta Services’ stock has been marked by notable fluctuations. The stock opened at $310.81 recently, having a 52-week low of $205.82 and a high of $365.88. With a market capitalization of $45.88 billion, the company has a price-to-earnings (PE) ratio of 57.35 and a price-to-earnings-growth (PEG) ratio of 1.54, with a beta of 1.05 indicating a moderately volatile nature. The company also maintains a reasonable debt-to-equity ratio of 0.58 and quick and current ratios of 1.19 and 1.23, respectively. The 50-day moving average stands at $325.27, while the 200-day moving average is $302.28, showcasing the stock's performance trends.

Dividend Announcements

Quanta Services has also announced a recent increase in its quarterly dividend payments. The company declared a dividend that was paid to shareholders on January 13th, with a record date of January 2nd. The dividend was set at $0.10 per share, marking an annualized dividend of $0.40 and a yield of 0.13%. This increase from the previous quarterly dividend of $0.09 demonstrates the company's ongoing commitment to returning value to its shareholders, with a modest payout ratio of 7.38%.

About Quanta Services

Quanta Services, Inc. is a leading provider of infrastructure solutions across several sectors, including electric and gas utilities, renewable energy, communications, and pipelines. The company operates in the United States and internationally, engaging in designing, procuring, constructing, upgrading, repairing, and maintaining essential infrastructure. Their services extend to the installation and maintenance of smart grid technologies, which are crucial for modern power networks.

investment, stocks, infrastructure