Oppenheimer Asset Management Inc. increased its stake in Quanta Services Inc (NYSE:PWR) by 10.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,291 shares of the construction company’s stock after purchasing an additional 718 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Quanta Services were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Quanta Services by 3.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,264 shares of the construction company’s stock valued at $312,000 after acquiring an additional 297 shares during the period. LS Investment Advisors LLC increased its position in Quanta Services by 2.3% in the 2nd quarter. LS Investment Advisors LLC now owns 15,781 shares of the construction company’s stock valued at $603,000 after acquiring an additional 350 shares during the period. First National Bank of Omaha increased its position in Quanta Services by 0.3% in the 2nd quarter. First National Bank of Omaha now owns 146,928 shares of the construction company’s stock valued at $5,611,000 after acquiring an additional 372 shares during the period. Rehmann Capital Advisory Group increased its position in Quanta Services by 5.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 8,485 shares of the construction company’s stock valued at $320,000 after acquiring an additional 412 shares during the period. Finally, Peddock Capital Advisors LLC increased its position in Quanta Services by 2.5% in the 2nd quarter. Peddock Capital Advisors LLC now owns 18,252 shares of the construction company’s stock valued at $697,000 after acquiring an additional 447 shares during the period. Hedge funds and other institutional investors own 85.93% of the company’s stock.

Several brokerages have recently issued reports on PWR. ValuEngine cut Quanta Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. TheStreet cut Quanta Services from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Vertical Research began coverage on Quanta Services in a research report on Friday, August 23rd. They set a “buy” rating and a $41.00 price target on the stock. Stifel Nicolaus lifted their price target on Quanta Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citigroup lifted their price target on Quanta Services from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Quanta Services presently has a consensus rating of “Hold” and an average price target of $43.29.

Shares of PWR stock traded up $0.51 during mid-day trading on Friday, hitting $38.54. 37,713 shares of the stock traded hands, compared to its average volume of 1,153,534. Quanta Services Inc has a twelve month low of $27.90 and a twelve month high of $41.00. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 15.32 and a beta of 1.18. The company’s 50-day simple moving average is $34.46 and its 200-day simple moving average is $36.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.93 and a current ratio of 1.97.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.45). The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.89 billion. Quanta Services had a net margin of 2.80% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Analysts forecast that Quanta Services Inc will post 2.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Monday, September 30th. Quanta Services’s dividend payout ratio is presently 6.32%.

About Quanta Services

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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