Waverly Advisors LLC Makes New Investment in Quanta Services, Inc. (NYSE:PWR)

Waverly Advisors LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,091 shares of the construction company's stock, valued at approximately $345,000.

A number of other large investors have also modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of Quanta Services in the fourth quarter valued at approximately $25,000. Webster Bank N. A. lifted its position in shares of 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 in the last quarter. Quarry LP acquired a new position in Quanta Services during the fourth quarter valued at $26,000. Sierra Ocean LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at about $27,000. Finally, Sound Income Strategies LLC lifted its position in Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock worth $33,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Down 0.6%

Quanta Services stock traded down $2.08 during mid-day trading on Wednesday, reaching $340.27. The stock had a trading volume of 666,016 shares, compared to its average volume of 1,569,531. The company has a market capitalization of $50.45 billion, a price-to-earnings ratio of 56.43, a PEG ratio of 1.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The company has a 50-day moving average price of $292.02 and a two-hundred day moving average price of $302.98. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

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 the consensus estimate of $1.72 by $0.06. The business had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company's quarterly revenue was up 23.9% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. On average, analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders 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 annualized dividend and a dividend yield of 0.12%. Quanta Services's dividend payout ratio (DPR) is 6.45%.

Analyst Ratings Changes

Several research firms recently weighed in on PWR. Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Citigroup decreased their price target on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Argus set a $375.00 target price on Quanta Services in a research note on Monday, May 5th. Finally, B. Riley increased their price objective on Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $344.85.

Quanta Services Company 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.