Stratos Wealth Advisors LLC Decreases Holdings in Quanta Services, Inc. (NYSE:PWR)

Stratos Wealth Advisors LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,184 shares of the construction company’s stock after selling 461 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Quanta Services were worth $1,007,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Czech National Bank boosted its stake in Quanta Services by 7.9% during the third quarter. Czech National Bank now owns 30,012 shares of the construction company’s stock worth $8,948,000 after buying an additional 2,185 shares during the period. Diversified Trust Co lifted its holdings in shares of Quanta Services by 5.7% in the 3rd quarter. Diversified Trust Co now owns 948 shares of the construction company’s stock worth $283,000 after acquiring an additional 51 shares during the last quarter. Mather Group LLC. grew its holdings in Quanta Services by 31.8% during the 3rd quarter. Mather Group LLC. now owns 916 shares of the construction company’s stock valued at $273,000 after purchasing an additional 221 shares during the last quarter. Atomi Financial Group Inc. purchased a new stake in Quanta Services in the 3rd quarter worth about $220,000. Finally, Brookstone Capital Management lifted its stake in Quanta Services by 34.8% in the third quarter. Brookstone Capital Management now owns 24,537 shares of the construction company’s stock worth $7,316,000 after purchasing an additional 6,340 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

PWR has been the topic of several recent analyst reports. Citigroup reduced their price target on Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Daiwa America upgraded Quanta Services to a “strong-buy” rating in a research report on Friday, December 6th. BMO Capital Markets initiated coverage on shares of Quanta Services in a report on Monday. They issued an “outperform” rating and a $338.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, Daiwa Capital Markets initiated coverage on shares of Quanta Services in a research report on Friday, December 6th. They set an “outperform” rating and a $355.00 target price on the stock. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $330.50.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $310.81 on Friday. Quanta Services, Inc. has a one year low of $205.82 and a one year high of $365.88. The company has a market capitalization of $45.88 billion, a PE ratio of 57.35, a P/E/G ratio of 1.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The company has a 50-day simple moving average of $325.27 and a two-hundred day simple moving average of $302.28.

Quanta Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a dividend of $0.10 per share. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.13%. Quanta Services’s dividend payout ratio is presently 7.38%.

About Quanta Services

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.