Stratos Wealth Partners LTD. Purchases 903 Shares of Quanta Services, Inc. (NYSE:PWR)

Stratos Wealth Partners LTD. increased its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,093 shares of the construction company's stock after acquiring an additional 903 shares during the period. Stratos Wealth Partners LTD.'s holdings in Quanta Services were worth $7,395,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Highview Capital Management LLC DE grew its holdings in shares of Quanta Services by 4.6% in the first quarter. Highview Capital Management LLC DE now owns 6,004 shares of the construction company's stock worth $1,526,000 after acquiring an additional 266 shares during the period. Alpha Cubed Investments LLC grew its holdings in Quanta Services by 26.2% during the first quarter. Alpha Cubed Investments LLC now owns 237,680 shares of the construction company's stock valued at $60,413,000 after purchasing an additional 49,347 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Quanta Services by 4.3% during the first quarter. Crossmark Global Holdings Inc. now owns 7,657 shares of the construction company's stock valued at $1,946,000 after purchasing an additional 313 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in Quanta Services by 19.8% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 4,767 shares of the construction company's stock valued at $1,212,000 after purchasing an additional 787 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Quanta Services by 8.1% during the first quarter. Envestnet Asset Management Inc. now owns 201,838 shares of the construction company's stock valued at $51,303,000 after purchasing an additional 15,145 shares during the period. Institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PWR shares. Argus set a $375.00 price target on Quanta Services in a report on Monday, May 5th. Seaport Res Ptn raised Quanta Services to a "hold" rating in a report on Thursday. Evercore ISI boosted their price objective on Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. TD Cowen boosted their price objective on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, DA Davidson boosted their price objective on Quanta Services from $295.00 to $305.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Nine research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $353.35.

Quanta Services Trading Up 0.9%

NYSE PWR traded up $3.54 during trading hours on Friday, hitting $383.63. 906,737 shares of the company were exchanged, compared to its average volume of 1,060,505. The stock has a 50-day moving average price of $355.23 and a 200 day moving average price of $310.37. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $388.00. The stock has a market cap of $56.88 billion, a PE ratio of 61.88, a price-to-earnings-growth ratio of 2.99 and a beta of 1.08.

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

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.10%. Quanta Services's dividend payout ratio is 6.45%.

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.