SeaCrest Wealth Management LLC Makes New $598,000 Investment in Quanta Services, Inc. (NYSE:PWR)

SeaCrest Wealth Management LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,891 shares of the construction company's stock, valued at approximately $598,000.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services during the third quarter worth about $31,000. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services in the 3rd quarter valued at $30,000. Versant Capital Management Inc grew its holdings in shares of Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after purchasing an additional 45 shares during the last quarter. Quest Partners LLC purchased a new position in Quanta Services during the 2nd quarter worth approximately $35,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Quanta Services in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

PWR has been the subject of several analyst reports. TD Cowen upped their price objective on Quanta Services from $280.00 to $335.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Daiwa America raised shares of Quanta Services to a "strong-buy" rating in a research report on Friday, December 6th. Guggenheim initiated coverage on Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating for the company. Wolfe Research assumed coverage on Quanta Services in a report on Thursday, September 19th. They issued an "outperform" rating and a $313.00 target price on the stock. Finally, UBS Group increased their target price on Quanta Services from $313.00 to $367.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $324.19.

Quanta Services Price Performance

NYSE:PWR traded up $0.91 during trading hours on Friday, reaching $337.10. 1,358,025 shares of the company were exchanged, compared to its average volume of 1,060,573. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services, Inc. has a 1-year low of $187.27 and a 1-year high of $350.19. The company has a market capitalization of $49.76 billion, a P/E ratio of 62.20 and a beta of 1.06. The business has a 50 day moving average of $329.23 and a 200 day moving average of $295.52.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $0.26. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted $2.08 EPS. Research analysts forecast that Quanta Services, Inc. will post 7.9 EPS for the current year.

Quanta Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Thursday, January 2nd. This is a positive change from Quanta Services's previous quarterly dividend of $0.09. Quanta Services's payout ratio is 7.38%.

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.