Calamos Advisors LLC Has $15.73 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Calamos Advisors LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,886 shares of the construction company's stock after buying an additional 676 shares during the quarter. Calamos Advisors LLC's holdings in Quanta Services were worth $15,730,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in shares of Quanta Services by 7.8% during 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 in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in Quanta Services by 0.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 13,467 shares of the construction company's stock valued at $4,256,000 after buying an additional 41 shares in the last quarter. Quent Capital LLC boosted its stake in Quanta Services by 3.2% in the 1st quarter. Quent Capital LLC now owns 1,362 shares of the construction company's stock valued at $346,000 after buying an additional 42 shares in the last quarter. Tower Wealth Partners Inc. boosted its stake in Quanta Services by 3.8% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,165 shares of the construction company's stock valued at $368,000 after buying an additional 43 shares in the last quarter. Finally, AlTi Global Inc. boosted its stake in Quanta Services by 1.4% in the 4th quarter. AlTi Global Inc. now owns 3,300 shares of the construction company's stock valued at $1,112,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Trading Down 2.0%

NYSE:PWR traded down $7.76 on Tuesday, reaching $378.04. The company's stock had a trading volume of 829,135 shares, compared to its average volume of 1,473,442. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $388.00. 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 firm has a market cap of $56.05 billion, a PE ratio of 60.97, a PEG ratio of 3.01 and a beta of 1.08. The business's 50-day moving average price is $349.35 and its two-hundred day moving average price is $308.81.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to analysts' expectations 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 was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on PWR. Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $414.00 price target (up from $364.00) on shares of Quanta Services in a report on Wednesday, June 4th. Wall Street Zen raised Quanta Services from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Citigroup cut their price target on Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Stifel Nicolaus lifted their price target on Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a report on Monday, May 5th. Eight 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $350.95.

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.