Fiduciary Alliance LLC Has $5.22 Million Position in Quanta Services, Inc. (NYSE:PWR)

Fiduciary Alliance LLC trimmed its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 15.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,127 shares of the construction company's stock after selling 3,550 shares during the quarter. Fiduciary Alliance LLC's holdings in Quanta Services were worth $5,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PWR. Private Ocean LLC acquired a new position in shares of Quanta Services in the 1st quarter valued at $26,000. Newbridge Financial Services Group Inc. acquired a new position in Quanta Services in the fourth quarter valued at about $34,000. Hazlett Burt & Watson Inc. increased its position in shares of Quanta Services by 47.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company's stock valued at $34,000 after acquiring an additional 52 shares during the last quarter. Valley National Advisers Inc. purchased a new stake in shares of Quanta Services in the 4th quarter valued at approximately $41,000. Finally, Vestor Capital LLC purchased a new position in shares of Quanta Services during the 4th quarter worth approximately $42,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Robert W. Baird boosted their price objective on Quanta Services from $265.00 to $287.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. Evercore ISI lifted their price target on Quanta Services from $255.00 to $288.00 and gave the stock an "outperform" rating in a report on Tuesday, May 7th. B. Riley increased their price objective on Quanta Services from $246.00 to $286.00 and gave the company a "buy" rating in a report on Friday, May 3rd. The Goldman Sachs Group boosted their target price on Quanta Services from $259.00 to $286.00 and gave the stock a "buy" rating in a research note on Tuesday, May 28th. Finally, DA Davidson increased their price target on shares of Quanta Services from $225.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and an average target price of $268.85.

Quanta Services Price Performance

PWR stock traded down $12.97 on Friday, reaching $254.09. The company had a trading volume of 2,163,579 shares, compared to its average volume of 814,764. The company's fifty day moving average is $268.79 and its 200 day moving average is $241.00. The company has a market cap of $37.20 billion, a P/E ratio of 49.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36. Quanta Services, Inc. has a 1 year low of $153.74 and a 1 year high of $286.87.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, May 2nd. The construction company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.14. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.96 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. On average, research analysts forecast that Quanta Services, Inc. will post 7.69 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.36 dividend on an annualized basis and a yield of 0.14%. Quanta Services's payout ratio is 6.98%.

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.