AlphaMark Advisors LLC Purchases 45 Shares of Quanta Services, Inc. (NYSE:PWR)

AlphaMark Advisors LLC increased its position in Quanta Services, Inc. (NYSE:PWR) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,640 shares of the construction company’s stock after buying an additional 45 shares during the quarter. AlphaMark Advisors LLC’s holdings in Quanta Services were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PWR. Prestige Wealth Management Group LLC purchased a new stake in shares of Quanta Services in the 3rd quarter valued at $30,000. Legacy Investment Solutions LLC bought a new stake in Quanta Services in the third quarter worth $31,000. Sound Income Strategies LLC boosted its position in Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after buying an additional 91 shares during the period. Versant Capital Management Inc grew its stake in shares of Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Quanta Services in the third quarter worth about $41,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Up 0.8 %

NYSE:PWR opened at $357.55 on Friday. Quanta Services, Inc. has a 1-year low of $193.50 and a 1-year high of $365.88. The company has a market capitalization of $52.78 billion, a PE ratio of 65.97 and a beta of 1.06. The firm’s 50-day moving average price is $332.01 and its 200-day moving average price is $299.93. 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 (NYSE:PWR) last announced its earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.26. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter last year, the firm earned $2.08 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities analysts predict that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.10 dividend. This is a boost 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 dividend payout ratio is currently 7.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PWR shares. TD Cowen lifted their price target on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. UBS Group increased their price target on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. assumed coverage on shares of Quanta Services in a research report on Monday, October 7th. They issued a “neutral” rating and a $297.00 price objective on the stock. Guggenheim started coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a “neutral” rating for the company. Finally, Daiwa America upgraded Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average target price 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.