Quanta Services, Inc. (NYSE:PWR) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 328.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,644 shares of the construction company’s stock after purchasing an additional 16,595 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Quanta Services were worth $6,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PWR. CWM LLC raised its holdings in shares of Quanta Services by 9.5% during the 2nd quarter. CWM LLC now owns 5,388 shares of the construction company’s stock worth $1,369,000 after acquiring an additional 469 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of Quanta Services by 81.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,415 shares of the construction company’s stock worth $614,000 after acquiring an additional 1,083 shares during the period. Simplicity Wealth LLC raised its holdings in shares of Quanta Services by 2.3% during the 2nd quarter. Simplicity Wealth LLC now owns 6,880 shares of the construction company’s stock worth $1,748,000 after acquiring an additional 154 shares during the period. Csenge Advisory Group raised its holdings in shares of Quanta Services by 20.0% during the 2nd quarter. Csenge Advisory Group now owns 3,984 shares of the construction company’s stock worth $1,012,000 after acquiring an additional 663 shares during the period. Finally, CHICAGO TRUST Co NA raised its holdings in shares of Quanta Services by 42.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 1,157 shares of the construction company’s stock worth $294,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

Quanta Services stock opened at $333.64 on Thursday. The business has a 50 day simple moving average of $318.19 and a 200-day simple moving average of $284.48. The stock has a market capitalization of $49.25 billion, a PE ratio of 61.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19. Quanta Services, Inc. has a 12 month low of $187.16 and a 12 month high of $350.19.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.26. The firm had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. Quanta Services’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.08 earnings per share. Equities analysts predict that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be issued a $0.10 dividend. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.12%. Quanta Services’s dividend payout ratio is 6.64%.

Analyst Upgrades and Downgrades

PWR has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Quanta Services in a report on Monday, October 7th. They issued a “neutral” rating and a $297.00 price objective on the stock. UBS Group boosted their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Northland Securities restated an “outperform” rating and issued a $328.00 price objective (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Citigroup boosted their price objective on shares of Quanta Services from $302.00 to $348.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Robert W. Baird boosted their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $314.27.

Quanta Services Company 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.