Brown Advisory Inc. Has $25.28 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Brown Advisory Inc. raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 89.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,000 shares of the construction company's stock after buying an additional 37,664 shares during the quarter. Brown Advisory Inc. owned about 0.05% of Quanta Services worth $25,284,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. grew its position in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after purchasing an additional 11,012 shares during the last quarter. Versant Capital Management Inc grew its position in Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after buying an additional 45 shares in the last quarter. Neville Rodie & Shaw Inc. raised its holdings in Quanta Services by 0.6% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 154,181 shares of the construction company's stock valued at $48,729,000 after acquiring an additional 982 shares in the last quarter. Silverleafe Capital Partners LLC increased its stake in Quanta Services by 6,000.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 5,185 shares of the construction company's stock valued at $1,639,000 after acquiring an additional 5,100 shares during the period. Finally, First Hawaiian Bank raised its position in Quanta Services by 62.2% in the fourth quarter. First Hawaiian Bank now owns 4,680 shares of the construction company's stock worth $1,479,000 after purchasing an additional 1,795 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $323.53 on Tuesday. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $365.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock has a market capitalization of $47.97 billion, a price-to-earnings ratio of 53.65, a PEG ratio of 1.41 and a beta of 1.02. The firm has a fifty day moving average of $266.02 and a two-hundred day moving average of $300.24.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company's quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. As a group, equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's dividend payout ratio is currently 6.45%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PWR. BMO Capital Markets upgraded Quanta Services from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Guggenheim assumed coverage on Quanta Services in a research note on Wednesday, January 8th. They set a "neutral" rating for the company. Citigroup reduced their target price on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Stifel Nicolaus increased their target price on shares of Quanta Services from $306.00 to $363.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $334.60.

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.

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