Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,592 shares of the construction company's stock after buying an additional 3,960 shares during the quarter. Williams Jones Wealth Management LLC. owned 0.09% of Quanta Services worth $40,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in Quanta Services in the 4th quarter valued at approximately $25,000. Webster Bank N. A. grew its stake in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Quarry LP acquired a new position in Quanta Services during the fourth quarter worth about $26,000. Sierra Ocean LLC purchased a new stake in shares of Quanta Services in the fourth quarter valued at about $27,000. Finally, Sound Income Strategies LLC grew its position 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 during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PWR. B. Riley upped their target price on shares of Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Argus set a $375.00 price objective on shares of Quanta Services in a research note on Monday, May 5th. DA Davidson lifted their target price on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Evercore ISI increased their price target on Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, Stifel Nicolaus lifted their price objective on Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $344.35.

Quanta Services Trading Down 0.1%

Shares of PWR opened at $344.54 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The stock has a 50-day moving average price of $283.12 and a 200 day moving average price of $301.96. The company has a market capitalization of $51.08 billion, a P/E ratio of 57.14, a P/E/G ratio of 1.41 and a beta of 1.02.

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 for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter last 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. Sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

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

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