Archford Capital Strategies LLC Has $339,000 Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Archford Capital Strategies LLC decreased its holdings in Quanta Services, Inc. (NYSE:PWR) by 21.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,071 shares of the construction company’s stock after selling 293 shares during the period. Archford Capital Strategies LLC’s holdings in Quanta Services were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC boosted its stake in shares of Quanta Services by 1.3% in the 4th quarter. AlphaMark Advisors LLC now owns 3,640 shares of the construction company’s stock valued at $1,150,000 after purchasing an additional 45 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake in Quanta Services by 0.5% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after acquiring an additional 32 shares during the last quarter. Stewardship Advisors LLC acquired a new stake in Quanta Services during the 4th quarter worth approximately $210,000. Geneos Wealth Management Inc. raised its holdings in Quanta Services by 0.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock worth $1,317,000 after buying an additional 29 shares during the period. Finally, Carr Financial Group Corp raised its holdings in Quanta Services by 17.4% during the 4th quarter. Carr Financial Group Corp now owns 1,293 shares of the construction company’s stock worth $409,000 after buying an additional 192 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 0.8 %

PWR stock opened at $357.55 on Monday. Quanta Services, Inc. has a twelve month low of $193.50 and a twelve month high of $365.88. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The firm has a market cap of $52.78 billion, a PE ratio of 65.97 and a beta of 1.06. The business has a 50 day moving average of $332.01 and a 200 day moving average of $300.23.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The business had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.56 billion. During the same period last year, the business posted $2.08 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. On average, research analysts forecast that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.10 per share. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date was Thursday, January 2nd. Quanta Services’s payout ratio is currently 7.38%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PWR shares. Northland Securities reiterated 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. Guggenheim began coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating for the company. Daiwa America raised Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Stifel Nicolaus boosted their target price on Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. assumed coverage on Quanta Services in a research note on Monday, October 7th. They issued a “neutral” rating and a $297.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $329.88.

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.