Independent Advisor Alliance Has $477,000 Holdings in Quanta Services, Inc. (NYSE:PWR)

Independent Advisor Alliance lifted its holdings in Quanta Services, Inc. (NYSE:PWRGet Rating) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,624 shares of the construction company’s stock after purchasing an additional 105 shares during the period. Independent Advisor Alliance’s holdings in Quanta Services were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in shares of Quanta Services by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the construction company’s stock valued at $1,241,000 after purchasing an additional 100 shares during the last quarter. Advisor Partners LLC increased its stake in Quanta Services by 1.8% in the first quarter. Advisor Partners LLC now owns 5,801 shares of the construction company’s stock valued at $763,000 after acquiring an additional 103 shares during the period. G&S Capital LLC increased its stake in Quanta Services by 1.3% in the first quarter. G&S Capital LLC now owns 8,744 shares of the construction company’s stock valued at $1,151,000 after acquiring an additional 110 shares during the period. Fifth Third Bancorp boosted its position in Quanta Services by 4.5% in the fourth quarter. Fifth Third Bancorp now owns 2,575 shares of the construction company’s stock valued at $295,000 after buying an additional 112 shares in the last quarter. Finally, Todd Asset Management LLC boosted its position in Quanta Services by 5.1% in the fourth quarter. Todd Asset Management LLC now owns 2,406 shares of the construction company’s stock valued at $276,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 87.16% of the company’s stock.

Quanta Services Stock Up 2.6 %

Shares of NYSE:PWR opened at $136.91 on Friday. Quanta Services, Inc. has a 52 week low of $90.09 and a 52 week high of $146.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.48 and a current ratio of 1.51. The company has a market capitalization of $19.68 billion, a PE ratio of 41.49 and a beta of 1.10. The company has a 50 day moving average price of $128.11 and a two-hundred day moving average price of $120.39.

Quanta Services (NYSE:PWRGet Rating) last issued its earnings results on Thursday, August 4th. The construction company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.38 by $0.16. Quanta Services had a net margin of 3.38% and a return on equity of 14.98%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 41.1% on a year-over-year basis. Analysts forecast that Quanta Services, Inc. will post 5.79 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, June 30th. Quanta Services’s payout ratio is presently 8.48%.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, CEO Earl C. Jr. Austin sold 135,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $126.48, for a total value of $17,074,800.00. Following the completion of the sale, the chief executive officer now owns 689,030 shares of the company’s stock, valued at $87,148,514.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Vincent D. Foster sold 14,948 shares of the stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $119.01, for a total transaction of $1,778,961.48. Following the completion of the sale, the director now owns 204,925 shares of the company’s stock, valued at $24,388,124.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Earl C. Jr. Austin sold 135,000 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $126.48, for a total transaction of $17,074,800.00. Following the sale, the chief executive officer now directly owns 689,030 shares of the company’s stock, valued at approximately $87,148,514.40. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PWR shares. Credit Suisse Group set a $157.00 price target on shares of Quanta Services in a research report on Tuesday, July 19th. KeyCorp boosted their price target on shares of Quanta Services from $129.00 to $156.00 in a research report on Thursday, April 14th. UBS Group upgraded shares of Quanta Services from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $156.00 in a research report on Monday, June 13th. Cowen boosted their price target on shares of Quanta Services from $130.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, May 26th. Finally, Robert W. Baird upped their target price on shares of Quanta Services from $136.00 to $147.00 and gave the stock an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $144.31.

Quanta Services Profile

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Quanta Services, Inc provides specialty contracting services worldwide. The 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; energized 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.

Further Reading

Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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