10,004 Shares in Quanta Services, Inc. (NYSE:PWR) Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,004 shares of the construction company's stock, valued at approximately $3,162,000.

Several other institutional investors and hedge funds have also bought and sold shares of PWR. Kestra Private Wealth Services LLC lifted its holdings in shares of Quanta Services by 85.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after acquiring an additional 2,184 shares during the period. Principal Financial Group Inc. lifted its stake in Quanta Services by 5.6% during the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after purchasing an additional 11,012 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after purchasing an additional 1,830 shares in the last quarter. Allstate Corp bought a new stake in shares of Quanta Services during the 4th quarter worth $1,357,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Quanta Services by 4.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock valued at $5,554,000 after acquiring an additional 793 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

PWR has been the topic of several research reports. Bank of America assumed coverage on shares of Quanta Services in a report on Friday, January 24th. They set a "buy" rating and a $407.00 price target on the stock. Guggenheim began coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a "neutral" rating for the company. Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Piper Sandler began coverage on Quanta Services in a report on Tuesday, April 8th. They issued an "overweight" rating and a $286.00 target price for the company. Finally, Roth Mkm began coverage on Quanta Services in a research note on Friday, February 21st. They set a "buy" rating and a $350.00 price target on the stock. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $321.70.

Quanta Services Stock Up 2.0 %

NYSE:PWR traded up $5.52 during trading hours on Friday, reaching $287.64. The company had a trading volume of 1,205,547 shares, compared to its average volume of 1,640,927. The firm has a market cap of $42.65 billion, a price-to-earnings ratio of 47.70, a P/E/G ratio of 1.41 and a beta of 1.04. The business's 50-day simple moving average is $261.85 and its two-hundred day simple moving average is $300.49. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88.

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

Quanta Services Dividend Announcement

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

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.