Second Half Financial Partners LLC Makes New $434,000 Investment in Quanta Services, Inc. (NYSE:PWR)

Second Half Financial Partners LLC acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,374 shares of the construction company's stock, valued at approximately $434,000.

Other large investors have also made changes to their positions in the company. Kestra Private Wealth Services LLC grew its stake in Quanta Services by 85.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after buying an additional 2,184 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Quanta Services by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after purchasing an additional 11,012 shares in the last quarter. Synovus Financial Corp raised its position in Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after purchasing an additional 1,830 shares during the last quarter. Allstate Corp bought a new position in Quanta Services in the 4th quarter valued at $1,357,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Quanta Services by 4.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock worth $5,554,000 after purchasing an additional 793 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Up 0.2 %

PWR traded up $0.56 during trading on Wednesday, hitting $292.94. The company had a trading volume of 1,638,613 shares, compared to its average volume of 1,626,386. The company has a market capitalization of $43.43 billion, a PE ratio of 48.58, a PEG ratio of 1.41 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The firm's 50-day moving average price is $262.54 and its 200 day moving average price is $300.16.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. As a group, equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.14%. Quanta Services's payout ratio is currently 6.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PWR. JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Citigroup lowered their price target on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a report on Friday, April 25th. BMO Capital Markets upgraded Quanta Services from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. The Goldman Sachs Group dropped their target price on Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Daiwa Capital Markets cut Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Quanta Services currently has an average rating of "Moderate Buy" and a consensus price target of $321.70.

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.