Guggenheim Capital LLC Increases Holdings in Quanta Services, Inc. (NYSE:PWR)

Guggenheim Capital LLC grew its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 182.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,700 shares of the construction company's stock after buying an additional 3,681 shares during the quarter. Guggenheim Capital LLC's holdings in Quanta Services were worth $1,801,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank purchased a new stake in Quanta Services during the fourth quarter valued at about $544,937,000. Raymond James Financial Inc. bought a new position in shares of Quanta Services during the 4th quarter valued at about $203,068,000. Proficio Capital Partners LLC bought a new stake in Quanta Services in the 4th quarter worth approximately $53,949,000. Vanguard Group Inc. boosted its stake in Quanta Services by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock worth $5,375,828,000 after buying an additional 161,277 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Quanta Services during the fourth quarter valued at approximately $46,364,000. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PWR shares. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. B. Riley restated a "neutral" rating and set a $300.00 price target (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. The Goldman Sachs Group decreased their price objective on Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a report on Thursday. Guggenheim initiated coverage on Quanta Services in a report on Wednesday, January 8th. They set a "neutral" rating for the company. Finally, Citigroup decreased 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. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and an average price target of $323.15.

Quanta Services Stock Up 3.0 %

PWR traded up $8.17 on Thursday, hitting $282.48. The company had a trading volume of 1,393,080 shares, compared to its average volume of 1,639,929. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $365.88. The stock has a fifty day simple moving average of $261.88 and a 200-day simple moving average of $300.80. 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 firm has a market capitalization of $41.88 billion, a P/E ratio of 46.85, a P/E/G ratio of 1.41 and a beta of 1.04.

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 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 return on equity of 18.00% and a net margin of 3.82%. As a group, equities analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. Quanta Services's payout ratio is 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.