Stephens Inc. AR Has $4.40 Million Holdings in Quanta Services, Inc. (NYSE:PWR)

Stephens Inc. AR grew its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 13.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,328 shares of the construction company's stock after purchasing an additional 2,036 shares during the quarter. Stephens Inc. AR's holdings in Quanta Services were worth $4,404,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allstate Corp bought a new stake in Quanta Services in the 4th quarter valued at about $1,357,000. Brighton Jones LLC bought a new stake in shares of Quanta Services during the 4th quarter worth about $298,000. Farther Finance Advisors LLC raised its position in shares of Quanta Services by 60.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,568 shares of the construction company's stock worth $404,000 after buying an additional 588 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Quanta Services by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 68,770 shares of the construction company's stock worth $17,480,000 after buying an additional 2,479 shares in the last quarter. Finally, Objectivity Squared LLC bought a new stake in shares of Quanta Services during the 1st quarter worth about $213,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 1.3%

PWR traded up $5.25 on Friday, reaching $403.15. 569,133 shares of the company traded hands, compared to its average volume of 1,434,771. The stock's 50 day moving average price is $360.62 and its 200-day moving average price is $312.29. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $405.43. The company has a market cap of $59.77 billion, a price-to-earnings ratio of 65.02, a PEG ratio of 3.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The construction company reported $1.78 EPS 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 the consensus estimate of $5.88 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The company's revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Tuesday, July 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend was Tuesday, July 1st. Quanta Services's dividend payout ratio is currently 6.45%.

Analyst Ratings Changes

A number of research firms have commented on PWR. B. Riley boosted their price target on shares of Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. DA Davidson boosted their price target on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $414.00 price objective (up previously from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Argus set a $375.00 price objective on shares of Quanta Services in a research note on Monday, May 5th. Finally, TD Cowen lifted their price objective on shares of Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Ten 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 company. 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.