Alliancebernstein L.P. Has $77.39 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Alliancebernstein L.P. boosted its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,869 shares of the construction company's stock after acquiring an additional 61,889 shares during the quarter. Alliancebernstein L.P. owned 0.17% of Quanta Services worth $77,391,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Paloma Partners Management Co boosted its stake in Quanta Services by 139.3% during the third quarter. Paloma Partners Management Co now owns 682 shares of the construction company's stock valued at $203,000 after buying an additional 397 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Quanta Services during the 3rd quarter valued at about $511,000. Janus Henderson Group PLC grew its stake in shares of Quanta Services by 4.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,221 shares of the construction company's stock worth $5,134,000 after purchasing an additional 800 shares during the last quarter. Investment Management Corp of Ontario raised its holdings in shares of Quanta Services by 48.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 4,880 shares of the construction company's stock worth $1,455,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Quanta Services by 328.7% during the third quarter. Integrated Wealth Concepts LLC now owns 21,644 shares of the construction company's stock valued at $6,453,000 after purchasing an additional 16,595 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

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Quanta Services Stock Up 2.2 %

PWR traded up $5.51 during midday trading on Tuesday, hitting $250.71. 454,326 shares of the company's stock traded hands, compared to its average volume of 1,692,570. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The company has a market cap of $37.15 billion, a PE ratio of 41.58, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The stock's fifty day simple moving average is $272.20 and its 200-day simple moving average is $304.12. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

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

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.16%. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

Analysts Set New Price Targets

PWR has been the subject of a number of recent research reports. Guggenheim assumed coverage on Quanta Services in a research report on Wednesday, January 8th. They set a "neutral" rating for the company. Daiwa America lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. Citigroup dropped their price target on Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Roth Mkm initiated coverage on shares of Quanta Services in a research note on Friday, February 21st. They set a "buy" rating and a $350.00 price objective for the company. Finally, B. Riley reissued a "neutral" rating and issued a $300.00 target price (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $321.05.

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.