Advisory Services Network LLC Increases Holdings in Quanta Services, Inc. (NYSE:PWR)

Advisory Services Network LLC lifted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 45.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,382 shares of the construction company's stock after buying an additional 8,616 shares during the quarter. Advisory Services Network LLC's holdings in Quanta Services were worth $8,654,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PWR. Norges Bank acquired a new position in shares of Quanta Services in the fourth quarter worth $544,937,000. Raymond James Financial Inc. acquired a new position in Quanta Services during the 4th quarter worth $203,068,000. Proficio Capital Partners LLC purchased a new stake in Quanta Services during the 4th quarter worth about $53,949,000. Vanguard Group Inc. raised its position in Quanta Services by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock valued at $5,375,828,000 after purchasing an additional 161,277 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Quanta Services during the fourth quarter worth about $46,364,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PWR shares. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Citigroup decreased their price objective on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Guggenheim began coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a "neutral" rating on the stock. Bank of America started coverage on Quanta Services in a report on Friday, January 24th. They set a "buy" rating and a $407.00 price target for the company. Finally, Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $319.25.

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Quanta Services Stock Performance

PWR traded up $2.65 during trading on Monday, hitting $272.22. The stock had a trading volume of 362,767 shares, compared to its average volume of 1,685,606. The firm has a market capitalization of $40.34 billion, a P/E ratio of 45.14, a PEG ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The company's 50-day moving average price is $267.21 and its 200 day moving average price is $302.57.

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

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's dividend payout ratio is presently 6.63%.

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.