Quanta Services, Inc. (NYSE:PWR) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. raised its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 110,610.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,071 shares of the construction company's stock after buying an additional 11,061 shares during the period. NBC Securities Inc.'s holdings in Quanta Services were worth $2,814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Financial Services LLC lifted its holdings in Quanta Services by 2.6% in the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company's stock valued at $364,000 after acquiring an additional 29 shares during the period. Larson Financial Group LLC lifted its stake in shares of Quanta Services by 7.8% in the 4th quarter. Larson Financial Group LLC now owns 456 shares of the construction company's stock worth $144,000 after purchasing an additional 33 shares during the period. Valley National Advisers Inc. boosted its holdings in shares of Quanta Services by 0.5% in the fourth quarter. Valley National Advisers Inc. now owns 6,976 shares of the construction company's stock worth $2,204,000 after buying an additional 34 shares during the last quarter. New Republic Capital LLC grew its position in Quanta Services by 4.8% during the fourth quarter. New Republic Capital LLC now owns 746 shares of the construction company's stock valued at $236,000 after buying an additional 34 shares during the period. Finally, TBH Global Asset Management LLC increased its holdings in Quanta Services by 0.7% during the fourth quarter. TBH Global Asset Management LLC now owns 4,956 shares of the construction company's stock valued at $1,566,000 after buying an additional 34 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 3.3%

Shares of PWR traded up $11.29 during midday trading on Tuesday, hitting $356.82. 1,133,626 shares of the company's stock traded hands, compared to its average volume of 1,548,859. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88. The firm's fifty day moving average is $297.68 and its 200-day moving average is $303.25. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $52.90 billion, a price-to-earnings ratio of 59.17, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.06. The business 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 revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. As a group, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, July 1st. Quanta Services's dividend payout ratio (DPR) is presently 6.45%.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent research reports. Citigroup decreased their target price on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group decreased their price objective on shares of Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Argus set a $375.00 target price on Quanta Services in a research report on Monday, May 5th. BMO Capital Markets set a $352.00 target price on shares of Quanta Services in a report on Friday, May 2nd. Finally, Daiwa America upgraded shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $344.85.

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.