Creekmur Asset Management LLC Has $1.79 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Creekmur Asset Management LLC boosted its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 39.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,050 shares of the construction company's stock after purchasing an additional 2,005 shares during the quarter. Quanta Services comprises 0.4% of Creekmur Asset Management LLC's holdings, making the stock its 27th largest holding. Creekmur Asset Management LLC's holdings in Quanta Services were worth $1,792,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Quanta Services by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock valued at $5,375,828,000 after acquiring an additional 161,277 shares in the last quarter. Capital World Investors boosted its position in shares of Quanta Services by 14.1% during the fourth quarter. Capital World Investors now owns 7,223,471 shares of the construction company's stock valued at $2,282,978,000 after buying an additional 891,977 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Quanta Services by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company's stock valued at $1,121,830,000 after buying an additional 99,416 shares during the last quarter. Invesco Ltd. lifted its position in shares of Quanta Services by 3.7% during the 4th quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company's stock valued at $604,871,000 after buying an additional 68,565 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Quanta Services during the 4th quarter valued at $544,937,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Up 1.5%

PWR stock opened at $403.67 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $403.67. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. The firm has a market cap of $59.85 billion, a PE ratio of 65.11, a price-to-earnings-growth ratio of 3.03 and a beta of 1.08. The business has a 50 day moving average of $360.62 and a 200 day moving average of $312.29.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The company's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. On average, research analysts forecast 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, July 11th. Stockholders of record on Tuesday, July 1st were issued a $0.10 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.10%. Quanta Services's dividend payout ratio (DPR) is 6.45%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Cowen upped their price target on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded Quanta Services from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Argus set a $375.00 target price on Quanta Services in a research note on Monday, May 5th. BMO Capital Markets lowered Quanta Services from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $352.00 to $400.00 in a research note on Thursday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $414.00 target price (up from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Ten research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.75.

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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