KFG Wealth Management LLC Grows Holdings in Quanta Services, Inc. (NYSE:PWR)

KFG Wealth Management LLC boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 7.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,093 shares of the construction company’s stock after purchasing an additional 74 shares during the period. KFG Wealth Management LLC’s holdings in Quanta Services were worth $278,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PWR. Banque Transatlantique SA purchased a new position in shares of Quanta Services during the fourth quarter worth about $25,000. Quarry LP acquired a new stake in Quanta Services during the 4th quarter worth approximately $26,000. Sierra Ocean LLC purchased a new position in shares of Quanta Services in the 4th quarter valued at approximately $27,000. Centricity Wealth Management LLC acquired a new position in shares of Quanta Services in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. raised its stake in shares of Quanta Services by 1,027.3% during the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company’s stock worth $39,000 after purchasing an additional 113 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PWR has been the topic of several recent research reports. DA Davidson boosted their price objective on shares of Quanta Services from $295.00 to $305.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Argus set a $375.00 price target on shares of Quanta Services in a research note on Monday, May 5th. Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $414.00 price objective (up previously from $364.00) on shares of Quanta Services in a report on Wednesday. Finally, Daiwa America raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average price target of $347.35.

Quanta Services Stock Performance

NYSE:PWR opened at $361.20 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $53.55 billion, a P/E ratio of 59.90, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The firm has a 50-day moving average price of $306.00 and a two-hundred day moving average price of $304.24. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same period last year, the company posted $1.41 EPS. The company’s revenue was up 23.9% on a year-over-year basis. As a group, research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.11%. The ex-dividend date is Tuesday, July 1st. Quanta Services’s payout ratio is 6.45%.

Quanta Services 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.