2,444 Shares in Quanta Services, Inc. (NYSE:PWR) Acquired by Access Financial Services Inc.

Access Financial Services Inc. bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,444 shares of the construction company's stock, valued at approximately $621,000.

A number of other hedge funds have also recently bought and sold shares of PWR. Banque Transatlantique SA acquired a new position in shares of Quanta Services in the 4th quarter valued at $25,000. Quarry LP acquired a new position in shares of Quanta Services in the 4th quarter valued at $26,000. Sierra Ocean LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at $27,000. Centricity Wealth Management LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of Quanta Services by 1,027.3% in the 4th quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock valued at $39,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Stifel Nicolaus raised their target price on shares of Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research note on Monday, February 24th. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Finally, B. Riley raised their target price on shares of Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and a consensus target price of $349.65.

Quanta Services Stock Performance

Quanta Services stock opened at $357.86 on Monday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $365.88. The company has a market capitalization of $53.06 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The firm's fifty day moving average price is $316.61 and its 200 day moving average price is $304.39.

Quanta Services (NYSE:PWR - Get Free Report) last announced 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 company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. On average, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed 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. This represents a $0.40 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Tuesday, July 1st. Quanta Services's dividend payout ratio is currently 6.45%.

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.

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