Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Get Rating) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,577 shares of the construction company’s stock after purchasing an additional 82 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Quanta Services were worth $1,507,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Panagora Asset Management Inc. grew its position in Quanta Services by 79.1% in the first quarter. Panagora Asset Management Inc. now owns 11,464 shares of the construction company’s stock worth $1,509,000 after acquiring an additional 5,063 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Quanta Services by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,067 shares of the construction company’s stock valued at $2,509,000 after purchasing an additional 1,181 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in Quanta Services by 2.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 26,648 shares of the construction company’s stock valued at $3,655,000 after buying an additional 668 shares during the period. Raymond James Trust N.A. lifted its position in Quanta Services by 8.3% in the first quarter. Raymond James Trust N.A. now owns 4,949 shares of the construction company’s stock worth $652,000 after buying an additional 379 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Quanta Services by 21.7% during the first quarter. Blair William & Co. IL now owns 16,156 shares of the construction company’s stock worth $2,126,000 after buying an additional 2,884 shares during the period. 89.29% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on PWR. DA Davidson raised their target price on shares of Quanta Services from $140.00 to $160.00 in a report on Friday, February 24th. Cowen upped their target price on Quanta Services from $155.00 to $165.00 in a research note on Tuesday, December 27th. Robert W. Baird boosted their price objective on Quanta Services from $157.00 to $173.00 and gave the company an “outperform” rating in a report on Friday, February 24th. StockNews.com assumed coverage on Quanta Services in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Cowen boosted their target price on shares of Quanta Services from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, December 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $167.73.
Insider Transactions at Quanta Services
Quanta Services Stock Performance
Shares of Quanta Services stock opened at $159.13 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.59 and a debt-to-equity ratio of 0.68. The stock’s fifty day moving average price is $157.86 and its 200-day moving average price is $147.27. The firm has a market cap of $22.91 billion, a P/E ratio of 47.93 and a beta of 1.08. Quanta Services, Inc. has a 12 month low of $106.33 and a 12 month high of $168.75.
Quanta Services (NYSE:PWR – Get Rating) last posted its earnings results on Thursday, February 23rd. The construction company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06. Quanta Services had a net margin of 2.88% and a return on equity of 16.48%. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.27 billion. On average, equities research analysts expect that Quanta Services, Inc. will post 6.43 earnings per share for the current fiscal year.
Quanta Services Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Monday, April 10th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, April 6th. This represents a $0.32 annualized dividend and a yield of 0.20%. Quanta Services’s dividend payout ratio (DPR) is presently 9.64%.
Quanta Services Company Profile
Quanta Services, Inc engages in the provision of comprehensive infrastructure solutions to the electric power, oil and gas, and communication industries. It operates through the following segments: Electric Power Infrastructure Solutions, Renewable Energy Infrastructure Solutions, and Underground Utility and Infrastructure Solutions.
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