6,236 Shares in Quanta Services, Inc. (NYSE:PWR) Acquired by Lionshead Wealth Management LLC

Lionshead Wealth Management LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,236 shares of the construction company's stock, valued at approximately $1,970,000. Quanta Services comprises 1.4% of Lionshead Wealth Management LLC's portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new stake in shares of Quanta Services in the 4th quarter valued at approximately $2,215,000. Guardian Wealth Advisors LLC NC raised its position in Quanta Services by 15.4% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 6,667 shares of the construction company's stock worth $2,107,000 after acquiring an additional 889 shares in the last quarter. Gotham Asset Management LLC lifted its stake in Quanta Services by 23.2% in the fourth quarter. Gotham Asset Management LLC now owns 16,451 shares of the construction company's stock valued at $5,199,000 after acquiring an additional 3,095 shares during the last quarter. Greenvale Capital LLP bought a new position in shares of Quanta Services in the 4th quarter valued at about $50,568,000. Finally, Focus Partners Wealth raised its holdings in shares of Quanta Services by 36.9% in the 4th quarter. Focus Partners Wealth now owns 26,454 shares of the construction company's stock valued at $8,361,000 after purchasing an additional 7,133 shares during the period. Institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

Quanta Services stock traded down $2.91 during midday trading on Thursday, reaching $340.24. The company's stock had a trading volume of 1,393,162 shares, compared to its average volume of 1,617,205. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a market cap of $50.45 billion, a PE ratio of 56.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $365.88. The business has a 50-day moving average price of $277.17 and a 200-day moving average price of $301.34.

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

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is 6.45%.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Argus set a $375.00 target price on Quanta Services in a report on Monday, May 5th. B. Riley raised their price target on Quanta Services from $300.00 to $355.00 and gave the company 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. Finally, DA Davidson increased their price objective on shares of Quanta Services from $295.00 to $305.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Six 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $344.35.

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.