Advisors Asset Management Inc. Purchases 1,600 Shares of Quanta Services, Inc. (NYSE:PWR)

Advisors Asset Management Inc. increased its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,423 shares of the construction company's stock after buying an additional 1,600 shares during the period. Advisors Asset Management Inc.'s holdings in Quanta Services were worth $15,620,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Webster Bank N. A. boosted its stake in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC acquired a new position in Quanta Services during the 4th quarter valued at about $27,000. Prestige Wealth Management Group LLC acquired a new position in Quanta Services during the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new position in Quanta Services during the 3rd quarter valued at about $31,000. Finally, Sound Income Strategies LLC boosted its stake in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Price Performance

NYSE:PWR traded down $2.67 during mid-day trading on Friday, reaching $268.43. 1,606,022 shares of the company were exchanged, compared to its average volume of 1,756,634. The stock has a market cap of $39.78 billion, a PE ratio of 44.52, a PEG ratio of 1.41 and a beta of 1.10. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The company has a fifty day moving average of $289.30 and a 200 day moving average of $303.94.

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Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial reduced their target price on shares of Quanta Services from $399.00 to $398.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Roth Mkm assumed coverage on shares of Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price on the stock. Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Finally, Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $326.79.

Quanta Services Company 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.