Czech National Bank Has $10.12 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Czech National Bank raised its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,006 shares of the construction company's stock after purchasing an additional 1,994 shares during the period. Czech National Bank's holdings in Quanta Services were worth $10,115,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versor Investments LP acquired a new position in Quanta Services in the 3rd quarter valued at $406,000. Principal Financial Group Inc. boosted its holdings in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after purchasing an additional 11,012 shares during the period. Asio Capital LLC acquired a new position in shares of Quanta Services during the 3rd quarter worth approximately $2,715,000. Waverton Investment Management Ltd raised its position in shares of Quanta Services by 6.5% in the third quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company's stock valued at $12,509,000 after buying an additional 2,557 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Quanta Services by 34.0% in the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after buying an additional 1,830 shares during the period. Institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 1.6 %

Shares of NYSE:PWR traded up $4.99 during midday trading on Tuesday, hitting $319.22. 1,087,687 shares of the stock were exchanged, compared to its average volume of 925,036. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services, Inc. has a 12 month low of $187.27 and a 12 month high of $350.19. The business's 50-day moving average price is $328.46 and its 200 day moving average price is $294.54. The stock has a market capitalization of $47.12 billion, a price-to-earnings ratio of 58.90 and a beta of 1.06.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $0.26. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.56 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. Quanta Services's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.08 earnings per share. Analysts predict that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were paid a $0.10 dividend. This is a positive change from Quanta Services's previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services's payout ratio is currently 7.38%.

Analyst Ratings Changes

Several brokerages have weighed in on PWR. Stifel Nicolaus lifted their price objective on Quanta Services from $343.00 to $374.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Wolfe Research began coverage on shares of Quanta Services in a research note on Thursday, September 19th. They set an "outperform" rating and a $313.00 price objective on the stock. Daiwa Capital Markets started coverage on shares of Quanta Services in a research report on Friday, December 6th. They issued an "outperform" rating and a $355.00 target price for the company. UBS Group increased their price target on shares of Quanta Services from $313.00 to $367.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Northland Securities restated an "outperform" rating and set a $328.00 price objective (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $324.25.

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.