Segall Bryant & Hamill LLC Increases Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Segall Bryant & Hamill LLC raised its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 125,698 shares of the construction company's stock after buying an additional 2,148 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.09% of Quanta Services worth $37,477,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Quanta Services in the 1st quarter valued at about $25,000. Cambridge Trust Co. bought a new position in Quanta Services in the 1st quarter valued at about $26,000. Valley Wealth Managers Inc. bought a new position in Quanta Services in the 2nd quarter valued at about $33,000. Quest Partners LLC bought a new stake in shares of Quanta Services during the 2nd quarter valued at approximately $35,000. Finally, CarsonAllaria Wealth Management Ltd. acquired a new position in Quanta Services during the 2nd quarter worth approximately $38,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 0.4 %

NYSE:PWR traded up $1.37 during trading hours on Wednesday, reaching $332.15. The company had a trading volume of 254,341 shares, compared to its average volume of 893,286. The business's 50-day simple moving average is $304.98 and its two-hundred day simple moving average is $278.87. Quanta Services, Inc. has a twelve month low of $180.97 and a twelve month high of $335.00. The firm has a market cap of $49.03 billion, a price-to-earnings ratio of 61.02 and a beta of 1.01. 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 issued its earnings results 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 return on equity of 16.71% and a net margin of 3.54%. The business had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.56 billion. During the same period in the previous year, the company posted $2.08 EPS. The firm's revenue was up 15.5% compared to the same quarter last year. On average, equities analysts expect that Quanta Services, Inc. will post 7.88 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.36 annualized dividend and a yield of 0.11%. Quanta Services's payout ratio is 6.64%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Northland Securities reiterated an "outperform" rating and issued a $328.00 price target (up from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Jefferies Financial Group started coverage on Quanta Services in a report on Wednesday, September 4th. They set a "hold" rating and a $256.00 price target on the stock. UBS Group lifted their target price on shares of Quanta Services from $313.00 to $367.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. TD Cowen upped their price target on shares of Quanta Services from $280.00 to $335.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Quanta Services in a report on Monday, October 7th. They set a "neutral" rating and a $297.00 price target on the stock. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and an average price target of $314.27.

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.