Second Half Financial Partners LLC Buys New Holdings in Quanta Services, Inc. (NYSE:PWR)

Second Half Financial Partners LLC purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,374 shares of the construction company’s stock, valued at approximately $434,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWR. Geneos Wealth Management Inc. raised its position in shares of Quanta Services by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock valued at $1,317,000 after buying an additional 29 shares in the last quarter. Commonwealth Financial Services LLC raised its holdings in 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 acquiring an additional 29 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Quanta Services by 0.9% during the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock valued at $1,050,000 after acquiring an additional 31 shares during the period. Moody Lynn & Lieberson LLC grew its stake in Quanta Services by 0.5% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after buying an additional 32 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Quanta Services by 7.8% during the 4th quarter. Larson Financial Group LLC now owns 456 shares of the construction company’s stock worth $144,000 after acquiring an additional 33 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PWR. Daiwa America upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Guggenheim assumed coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Roth Mkm began coverage on shares of Quanta Services in a report on Friday, February 21st. They set a “buy” rating and a $350.00 price objective on the stock. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Finally, Citigroup dropped their target price on shares of Quanta Services from $366.00 to $342.00 and set a “buy” rating on the stock in a research note 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $321.70.

Quanta Services Price Performance

Shares of NYSE:PWR opened at $287.64 on Friday. The business has a fifty day moving average price of $261.85 and a 200-day moving average price of $300.44. 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 market capitalization of $42.65 billion, a PE ratio of 47.70, a PEG 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.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping 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 business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. As a group, equities 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. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services’s dividend payout ratio is currently 6.63%.

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.