Advisor Resource Council Has $906,000 Stake in Quanta Services, Inc. (NYSE:PWR)

Advisor Resource Council lessened its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,486 shares of the construction company's stock after selling 4,118 shares during the quarter. Advisor Resource Council's holdings in Quanta Services were worth $906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Ocean LLC acquired a new position in shares of Quanta Services during the first quarter valued at about $26,000. Newbridge Financial Services Group Inc. purchased a new stake in Quanta Services during the 4th quarter worth approximately $34,000. Hazlett Burt & Watson Inc. increased its stake in Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company's stock valued at $34,000 after purchasing an additional 52 shares in the last quarter. Valley National Advisers Inc. acquired a new stake in shares of Quanta Services during the fourth quarter worth $41,000. Finally, Vestor Capital LLC acquired a new stake in shares of Quanta Services during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PWR. The Goldman Sachs Group raised 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. Argus lifted their target price on Quanta Services from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, May 30th. Citigroup upped their target price on Quanta Services from $275.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 22nd. DA Davidson raised their price target on shares of Quanta Services from $225.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 7th. Finally, Robert W. Baird upped their price objective on shares of Quanta Services from $265.00 to $287.00 and gave the company an "outperform" rating in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $268.85.

Quanta Services Stock Up 2.8 %

NYSE:PWR traded up $6.82 during midday trading on Thursday, reaching $254.60. The company had a trading volume of 601,443 shares, compared to its average volume of 832,462. Quanta Services, Inc. has a 12-month low of $153.74 and a 12-month high of $286.87. The firm has a market capitalization of $37.27 billion, a price-to-earnings ratio of 49.34 and a beta of 1.03. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The stock's fifty day simple moving average is $268.77 and its 200-day simple moving average is $241.63.

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

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be given a dividend of $0.09 per share. The ex-dividend date is Monday, July 1st. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. Quanta Services's dividend payout ratio is presently 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.