DSG Capital Advisors LLC Acquires Shares of 10,492 Quanta Services, Inc. (NYSE:PWR)

DSG Capital Advisors LLC bought a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,492 shares of the construction company's stock, valued at approximately $3,316,000.

Other hedge funds have also bought and sold shares of the company. Chancellor Financial Group WB LP purchased a new position in shares of Quanta Services during the 4th quarter worth $312,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Quanta Services by 27.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 66,291 shares of the construction company's stock worth $20,951,000 after purchasing an additional 14,446 shares during the last quarter. Old North State Trust LLC boosted its holdings in shares of Quanta Services by 18.6% in the fourth quarter. Old North State Trust LLC now owns 1,730 shares of the construction company's stock valued at $547,000 after acquiring an additional 271 shares during the period. Mattson Financial Services LLC raised its position in Quanta Services by 6.2% during the 4th quarter. Mattson Financial Services LLC now owns 5,954 shares of the construction company's stock worth $1,775,000 after buying an additional 348 shares during the last quarter. Finally, TFR Capital LLC. acquired a new position in Quanta Services during the fourth quarter worth $1,229,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

PWR stock opened at $342.04 on Monday. The company has a 50-day simple moving average of $295.98 and a 200 day simple moving average of $303.10. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $50.71 billion, a P/E ratio of 56.72, a PEG ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88.

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

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 0.12%. Quanta Services's dividend payout ratio is presently 6.45%.

Wall Street Analyst Weigh In

PWR has been the topic of several research analyst reports. BMO Capital Markets set a $352.00 price objective on Quanta Services in a research note on Friday, May 2nd. Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. 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 report on Friday, April 25th. Finally, Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Quanta Services has a consensus rating of "Moderate Buy" and a consensus target price of $344.85.

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.