Stifel Financial Corp Buys 9,635 Shares of Quanta Services, Inc. (NYSE:PWR)

Stifel Financial Corp grew its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,229 shares of the construction company's stock after purchasing an additional 9,635 shares during the quarter. Stifel Financial Corp owned approximately 0.25% of Quanta Services worth $116,705,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. boosted its stake in shares of Quanta Services by 1.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 66,007 shares of the construction company's stock valued at $20,879,000 after purchasing an additional 747 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Quanta Services by 220.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,469 shares of the construction company's stock valued at $3,309,000 after acquiring an additional 7,206 shares during the last quarter. Transatlantique Private Wealth LLC bought a new position in Quanta Services during the 4th quarter worth approximately $439,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Quanta Services by 5.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,860 shares of the construction company's stock worth $3,116,000 after purchasing an additional 499 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of Quanta Services by 54.3% in the 4th quarter. MML Investors Services LLC now owns 34,074 shares of the construction company's stock valued at $10,769,000 after purchasing an additional 11,988 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Up 2.0 %

Shares of NYSE PWR traded up $5.52 during mid-day trading on Friday, reaching $287.64. 1,205,547 shares of the company's stock traded hands, compared to its average volume of 1,640,927. The stock has a market cap of $42.65 billion, a P/E ratio of 47.70, a PEG ratio of 1.41 and a beta of 1.04. The business has a 50-day simple moving average of $261.85 and a 200 day simple moving average of $300.39. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

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

Quanta Services Dividend Announcement

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

Analyst Ratings Changes

PWR has been the subject of several recent analyst reports. B. Riley reiterated a "neutral" rating and set a $300.00 price objective (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Daiwa America upgraded shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price objective 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. Finally, Citigroup decreased their price objective on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a research report on Friday. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services currently has an average rating of "Moderate Buy" and an average 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.