MGO One Seven LLC Raises Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

MGO One Seven LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 179.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,609 shares of the construction company's stock after acquiring an additional 8,733 shares during the quarter. MGO One Seven LLC's holdings in Quanta Services were worth $4,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. grew its position in Quanta Services by 0.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company's stock worth $1,317,000 after acquiring an additional 29 shares during the last quarter. Commonwealth Financial Services LLC grew its position in shares of Quanta Services by 2.6% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company's stock valued at $364,000 after buying an additional 29 shares during the last quarter. HB Wealth Management LLC grew its position in shares of Quanta Services by 0.9% in the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company's stock valued at $1,050,000 after buying an additional 31 shares during the last quarter. Moody Lynn & Lieberson LLC grew its position in shares of Quanta Services by 0.5% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company's stock valued at $1,941,000 after buying an additional 32 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Quanta Services by 7.8% in the 4th quarter. Larson Financial Group LLC now owns 456 shares of the construction company's stock valued at $144,000 after buying an additional 33 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Guggenheim assumed coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a "neutral" rating on the stock. Bank of America assumed coverage on Quanta Services in a research report on Friday, January 24th. They issued a "buy" rating and a $407.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. B. Riley restated a "neutral" rating and set a $300.00 target price (down previously from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Finally, The Goldman Sachs Group cut their target price on Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $321.70.

Quanta Services Stock Up 0.2 %

Shares of Quanta Services stock traded up $0.55 on Tuesday, hitting $291.17. The company had a trading volume of 289,660 shares, compared to its average volume of 1,616,450. The stock has a market capitalization of $43.17 billion, a price-to-earnings ratio of 48.29, a P/E/G ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88. The stock has a 50 day moving average of $261.84 and a 200-day moving average of $300.27. 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 (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

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.