Stifel Financial Corp Grows Holdings in Quanta Services, Inc. (NYSE:PWR)

Stifel Financial Corp grew its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 369,229 shares of the construction company's stock after acquiring an additional 9,635 shares during the period. Stifel Financial Corp owned about 0.25% of Quanta Services worth $116,705,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Webster Bank N. A. increased its holdings in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Quanta Services during the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC raised its holdings in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after acquiring an additional 91 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of Quanta Services in the fourth quarter valued at $34,000. Finally, Versant Capital Management Inc lifted its holdings in Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 2.0 %

PWR stock traded up $5.52 during midday trading on Friday, hitting $287.64. The company had a trading volume of 1,205,547 shares, compared to its average volume of 1,640,927. The stock's 50 day moving average price is $261.85 and its 200 day moving average price is $300.49. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a market cap of $42.65 billion, a price-to-earnings ratio of 47.70, a PEG 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 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.12. The business had revenue of $6.55 billion during 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 research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.14%. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Roth Mkm initiated coverage on shares of Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 price target on the stock. Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Citigroup decreased their target price on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Truist Financial dropped their price target on Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $321.70.

Quanta Services Company 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.