Segment Wealth Management LLC Boosts Stock Position in Quanta Services, Inc. (NYSE:PWR)

Segment Wealth Management LLC grew its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 7.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,362 shares of the construction company's stock after buying an additional 1,460 shares during the period. Segment Wealth Management LLC's holdings in Quanta Services were worth $5,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in Quanta Services during the fourth quarter valued at approximately $298,000. Union Bancaire Privee UBP SA purchased a new position in shares of Quanta Services in the 4th quarter worth approximately $46,364,000. Principal Securities Inc. increased its position in shares of Quanta Services by 9.0% during the 4th quarter. Principal Securities Inc. now owns 2,259 shares of the construction company's stock valued at $714,000 after purchasing an additional 187 shares during the last quarter. Allworth Financial LP raised its holdings in Quanta Services by 27.2% during the 4th quarter. Allworth Financial LP now owns 1,842 shares of the construction company's stock valued at $582,000 after buying an additional 394 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Quanta Services by 4.6% during the 4th quarter. CIBC Asset Management Inc now owns 22,404 shares of the construction company's stock valued at $7,081,000 after buying an additional 992 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PWR has been the topic of a number of analyst reports. Argus set a $375.00 price objective on shares of Quanta Services in a research report on Monday, May 5th. DA Davidson raised their target price on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. B. Riley increased their price objective on shares of Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Roth Mkm assumed coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 price objective for the company. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and a consensus target price of $349.65.

Quanta Services Price Performance

Shares of PWR stock opened at $360.48 on Friday. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $367.00. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $324.49 and a two-hundred day simple moving average of $305.40. The stock has a market capitalization of $53.44 billion, a price-to-earnings ratio of 58.14, a P/E/G ratio of 2.81 and a beta of 1.07.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period in the previous year, the company posted $1.41 earnings per share. The firm's quarterly revenue was up 23.9% on a year-over-year basis. On average, analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.11%. Quanta Services's dividend 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.

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