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

Calamos Advisors LLC boosted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,886 shares of the construction company's stock after purchasing an additional 676 shares during the period. Calamos Advisors LLC's holdings in Quanta Services were worth $15,730,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PWR. Banque Transatlantique SA bought a new position in shares of Quanta Services in the fourth quarter valued at $25,000. Quarry LP bought a new position in shares of Quanta Services in the fourth quarter valued at $26,000. Rakuten Securities Inc. increased its holdings in shares of Quanta Services by 1,027.3% in the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock valued at $39,000 after buying an additional 113 shares in the last quarter. OLD Second National Bank of Aurora bought a new position in shares of Quanta Services in the first quarter valued at $42,000. Finally, Sound Income Strategies LLC increased its holdings in shares of Quanta Services by 77.9% in the first quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock valued at $47,000 after buying an additional 81 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Down 0.7%

NYSE:PWR traded down $2.56 during trading hours on Monday, reaching $383.95. The company's stock had a trading volume of 505,784 shares, compared to its average volume of 1,475,919. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 61.93, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $388.00. The business's 50-day moving average is $347.47 and its 200-day moving average is $308.41. 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 released its quarterly 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. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The company had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The business's quarterly revenue was up 23.9% compared to the same quarter last year. Equities research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Northland Securities cut Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price target on the stock. in a report on Wednesday, July 2nd. DA Davidson boosted their target price on shares of Quanta Services from $295.00 to $305.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Piper Sandler reissued an "overweight" rating and set a $370.00 target price (up from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. The Goldman Sachs Group reissued a "buy" rating and set a $414.00 target price (up from $364.00) on shares of Quanta Services in a research note on Wednesday, June 4th. Finally, Wall Street Zen raised shares of Quanta Services from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and an average 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.