Signal Advisors Wealth LLC Increases Stock Position in Quanta Services, Inc. (NYSE:PWR)

Signal Advisors Wealth LLC boosted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 29.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,036 shares of the construction company's stock after acquiring an additional 4,139 shares during the period. Signal Advisors Wealth LLC's holdings in Quanta Services were worth $4,584,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PWR. Banque Transatlantique SA bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new stake in shares of Quanta Services in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. raised its position 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 purchasing an additional 113 shares during the period. Institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of analyst reports. BMO Capital Markets set a $352.00 target price on shares of Quanta Services in a report on Friday, May 2nd. Stifel Nicolaus upped their target price on shares of Quanta Services from $306.00 to $363.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Finally, TD Cowen upped 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. Six 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 company. According to data from MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $347.35.

Quanta Services Trading Up 0.5%

Shares of Quanta Services stock traded up $1.62 during trading on Friday, reaching $361.20. The company's stock had a trading volume of 700,625 shares, compared to its average volume of 1,530,516. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $365.88. The company has a market cap of $53.55 billion, a price-to-earnings ratio of 59.90, a PEG ratio of 1.41 and a beta of 1.07. The firm's 50-day moving average is $306.00 and its two-hundred day moving average is $304.44. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm's revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

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

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.