Snowden Capital Advisors LLC Raises Position in Quanta Services, Inc. (NYSE:PWR)

Snowden Capital Advisors LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,365 shares of the construction company's stock after purchasing an additional 1,522 shares during the period. Snowden Capital Advisors LLC's holdings in Quanta Services were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Banque Transatlantique SA purchased a new position in Quanta Services during the fourth quarter worth approximately $25,000. Webster Bank N. A. lifted its position in Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after buying an additional 81 shares during the last quarter. Quarry LP purchased a new position in shares of Quanta Services during the 4th quarter worth approximately $26,000. Sierra Ocean LLC purchased a new position in Quanta Services during the 4th quarter valued at about $27,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PWR has been the topic of a number of recent analyst reports. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a "buy" rating and a $407.00 price objective on the stock. DA Davidson increased their target price on Quanta Services from $295.00 to $305.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Citigroup decreased 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. Argus set a $375.00 price objective on Quanta Services in a report on Monday, May 5th. Finally, Stifel Nicolaus upped 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. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $344.35.

Quanta Services Trading Down 3.1%

Shares of PWR traded down $10.52 on Thursday, hitting $330.71. 1,876,571 shares of the stock traded hands, compared to its average volume of 1,586,503. The stock's 50 day moving average is $286.60 and its two-hundred day moving average is $302.53. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $49.03 billion, a P/E ratio of 54.84, a P/E/G ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same period last year, the company earned $1.41 earnings per share. The company's quarterly revenue was up 23.9% on a year-over-year basis. As a group, sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services's dividend payout ratio (DPR) is 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.