United Capital Financial Advisors LLC Grows Holdings in Quanta Services, Inc. (NYSE:PWR)

United Capital Financial Advisors LLC raised its position in Quanta Services, Inc. (NYSE:PWR) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,882 shares of the construction company’s stock after buying an additional 422 shares during the period. United Capital Financial Advisors LLC’s holdings in Quanta Services were worth $2,491,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Webster Bank N. A. grew its stake in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Quanta Services during the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC grew its position in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after buying an additional 91 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Quanta Services in the fourth quarter worth $34,000. Finally, Versant Capital Management Inc boosted its stake in Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Down 0.7 %

Quanta Services stock opened at $267.47 on Friday. The company’s 50-day moving average price is $264.26 and its two-hundred day moving average price is $301.78. The stock has a market cap of $39.64 billion, a price-to-earnings ratio of 44.36, a PEG ratio of 1.41 and a beta of 1.04. 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.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. On average, analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date was Thursday, April 3rd. Quanta Services’s payout ratio is currently 6.63%.

Wall Street Analyst Weigh In

PWR has been the subject of several research analyst reports. Daiwa Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Bank of America initiated coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 price objective on the stock. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. Roth Mkm initiated coverage on Quanta Services in a research report on Friday, February 21st. They set a “buy” rating and a $350.00 price target on the stock. Finally, Daiwa America raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.25.

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.