Fiduciary Alliance LLC Buys 5,643 Shares of Quanta Services, Inc. (NYSE:PWR)

Fiduciary Alliance LLC increased its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,870 shares of the construction company's stock after purchasing an additional 5,643 shares during the period. Quanta Services makes up 0.9% of Fiduciary Alliance LLC's holdings, making the stock its 23rd biggest holding. Fiduciary Alliance LLC's holdings in Quanta Services were worth $8,492,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Versor Investments LP bought a new position in Quanta Services in the 3rd quarter valued at about $406,000. Principal Financial Group Inc. increased its stake in Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after acquiring an additional 11,012 shares during the last quarter. Asio Capital LLC acquired a new position in Quanta Services during the third quarter valued at approximately $2,715,000. Waverton Investment Management Ltd lifted its stake in Quanta Services by 6.5% during the third quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company's stock worth $12,509,000 after purchasing an additional 2,557 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in shares of Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after purchasing an additional 1,830 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PWR shares. JPMorgan Chase & Co. initiated coverage on Quanta Services in a report on Monday, October 7th. They set a "neutral" rating and a $297.00 price target for the company. Northland Securities reissued an "outperform" rating and set a $328.00 target price (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a research note on Friday, December 6th. They issued an "outperform" rating and a $355.00 price target on the stock. Wolfe Research initiated coverage on shares of Quanta Services in a research report on Thursday, September 19th. They set an "outperform" rating and a $313.00 price objective for the company. Finally, Daiwa America upgraded shares of Quanta Services to a "strong-buy" rating in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $324.25.

Quanta Services Trading Up 0.3 %

Shares of Quanta Services stock traded up $0.90 during midday trading on Monday, reaching $314.38. The company had a trading volume of 798,117 shares, compared to its average volume of 901,802. The stock has a fifty day moving average price of $328.26 and a 200 day moving average price of $294.21. Quanta Services, Inc. has a fifty-two week low of $187.27 and a fifty-two week high of $350.19. The firm has a market cap of $46.41 billion, a PE ratio of 58.00 and a beta of 1.06. 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 (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating analysts' consensus estimates of $2.46 by $0.26. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The company had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same period in the prior year, the firm posted $2.08 EPS. The company's quarterly revenue was up 15.5% on a year-over-year basis. On average, equities analysts anticipate that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.13%. This is a boost from Quanta Services's previous quarterly dividend of $0.09. Quanta Services's dividend payout ratio (DPR) is currently 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.