Integrated Wealth Concepts LLC Boosts Holdings in Quanta Services, Inc. (NYSE:PWR)

Integrated Wealth Concepts LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 328.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,644 shares of the construction company's stock after purchasing an additional 16,595 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Quanta Services were worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PWR. CWM LLC grew its stake in shares of Quanta Services by 9.5% in the second quarter. CWM LLC now owns 5,388 shares of the construction company's stock worth $1,369,000 after acquiring an additional 469 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Quanta Services by 81.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,415 shares of the construction company's stock worth $614,000 after buying an additional 1,083 shares during the last quarter. Simplicity Wealth LLC grew its holdings in shares of Quanta Services by 2.3% in the second quarter. Simplicity Wealth LLC now owns 6,880 shares of the construction company's stock worth $1,748,000 after acquiring an additional 154 shares during the period. Csenge Advisory Group increased its position in Quanta Services by 20.0% during the second quarter. Csenge Advisory Group now owns 3,984 shares of the construction company's stock valued at $1,012,000 after acquiring an additional 663 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in Quanta Services by 42.5% in the second quarter. CHICAGO TRUST Co NA now owns 1,157 shares of the construction company's stock valued at $294,000 after acquiring an additional 345 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PWR shares. Northland Securities reaffirmed an "outperform" rating and set a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Wolfe Research assumed coverage on shares of Quanta Services in a research report on Thursday, September 19th. They issued an "outperform" rating and a $313.00 price target on the stock. Citigroup boosted their price objective on shares of Quanta Services from $302.00 to $348.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Robert W. Baird lifted their target price on Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, UBS Group upped their price target on Quanta Services from $313.00 to $367.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $314.27.

Quanta Services Price Performance

NYSE PWR traded up $1.31 during trading on Thursday, hitting $334.97. 1,080,684 shares of the stock traded hands, compared to its average volume of 894,060. The company has a market capitalization of $49.44 billion, a P/E ratio of 61.56 and a beta of 1.03. Quanta Services, Inc. has a 12-month low of $187.27 and a 12-month high of $350.19. The firm has a 50-day simple moving average of $318.19 and a 200-day simple moving average of $284.48. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share (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 the consensus estimate of $6.56 billion. During the same quarter in the prior year, the firm earned $2.08 earnings per share. Quanta Services's revenue was up 15.5% on a year-over-year basis. As a group, analysts predict that Quanta Services, Inc. will post 7.9 EPS for the current year.

Quanta Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.10 per share. This is a boost from Quanta Services's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a yield of 0.12%. The ex-dividend date is Thursday, January 2nd. Quanta Services's payout ratio is presently 6.64%.

About Quanta Services

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.