Integrated Wealth Concepts LLC Has $7.85 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Integrated Wealth Concepts LLC grew its position in Quanta Services, Inc. (NYSE:PWR) by 14.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,828 shares of the construction company’s stock after buying an additional 3,184 shares during the period. Integrated Wealth Concepts LLC’s holdings in Quanta Services were worth $7,847,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PWR. Webster Bank N. A. lifted its holdings in Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC increased its stake in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares in the last quarter. Centricity Wealth Management LLC acquired a new stake in Quanta Services during the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc lifted its stake in Quanta Services by 62.5% in 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 in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE:PWR opened at $282.48 on Friday. The company has a market cap of $41.88 billion, a P/E ratio of 46.85, a P/E/G ratio of 1.41 and a beta of 1.04. The firm’s fifty day moving average price is $261.83 and its two-hundred day moving average price is $300.63. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.12. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date was Thursday, April 3rd. Quanta Services’s dividend payout ratio is 6.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PWR shares. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $338.00 to $316.00 in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Guggenheim assumed coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Daiwa America raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Finally, Citigroup lowered their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $323.15.

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.