Dynamic Advisor Solutions LLC Invests $1.61 Million in Quanta Services, Inc. (NYSE:PWR)

Dynamic Advisor Solutions LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,331 shares of the construction company's stock, valued at approximately $1,609,000.

Several other large investors have also recently bought and sold shares of PWR. Brighton Jones LLC bought a new position in Quanta Services in the 4th quarter valued at about $298,000. Union Bancaire Privee UBP SA bought a new position in Quanta Services in the 4th quarter valued at about $46,364,000. Valeo Financial Advisors LLC raised its holdings in Quanta Services by 22.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,261 shares of the construction company's stock valued at $1,031,000 after acquiring an additional 605 shares during the period. Principal Securities Inc. raised its holdings in Quanta Services by 9.0% in the 4th quarter. Principal Securities Inc. now owns 2,259 shares of the construction company's stock valued at $714,000 after acquiring an additional 187 shares during the period. Finally, Allworth Financial LP raised its holdings in Quanta Services by 27.2% in the 4th quarter. Allworth Financial LP now owns 1,842 shares of the construction company's stock valued at $582,000 after acquiring an additional 394 shares during the period. 90.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. B. Riley increased their price target on shares of Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. UBS Group set a $413.00 target price on shares of Quanta Services and gave the stock a "buy" rating in a report on Thursday, June 12th. Evercore ISI raised their target price on shares of Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. TD Cowen raised their target price on shares of Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Quanta Services has a consensus rating of "Moderate Buy" and a consensus target price of $349.65.

Quanta Services Price Performance

Shares of NYSE PWR traded up $1.86 during trading hours on Thursday, hitting $360.48. 854,470 shares of the stock were exchanged, compared to its average volume of 948,259. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market cap of $53.44 billion, a PE ratio of 58.14, a price-to-earnings-growth ratio of 2.81 and a beta of 1.07. The company's fifty day simple moving average is $324.49 and its two-hundred day simple moving average is $305.40. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $367.00.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter last year, the business posted $1.41 earnings per share. The company's quarterly revenue was up 23.9% on a year-over-year basis. On average, sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be given a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.11%. Quanta Services's dividend payout ratio is currently 6.45%.

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.