Dimensional Fund Advisors LP Has $270.88 Million Holdings in Quanta Services, Inc. (NYSE:PWR)

Dimensional Fund Advisors LP reduced its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 856,987 shares of the construction company's stock after selling 45,982 shares during the period. Dimensional Fund Advisors LP owned approximately 0.58% of Quanta Services worth $270,880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Webster Bank N. A. grew its holdings in shares of Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after buying an additional 81 shares during the period. Sierra Ocean LLC bought a new position in Quanta Services during the fourth quarter worth about $27,000. Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after acquiring an additional 91 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of Quanta Services in the fourth quarter worth about $34,000. Finally, Versant Capital Management Inc raised its position in shares of Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after purchasing an additional 45 shares during the period. 90.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PWR has been the subject of a number of research reports. Bank of America began coverage on Quanta Services in a research note on Friday, January 24th. They set a "buy" rating and a $407.00 target price for the company. Roth Mkm began coverage on shares of Quanta Services in a research report on Friday, February 21st. They issued a "buy" rating and a $350.00 price objective on the stock. Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Roth Capital raised Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Finally, Stifel Nicolaus dropped their target price on Quanta Services from $323.00 to $287.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $323.15.

Quanta Services Stock Performance

Shares of Quanta Services stock traded up $8.17 during trading on Thursday, reaching $282.48. The company's stock had a trading volume of 1,606,120 shares, compared to its average volume of 1,646,581. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $365.88. The firm has a market cap of $41.88 billion, a PE ratio of 46.85, a P/E/G ratio of 1.41 and a beta of 1.04. The business's 50-day moving average price is $261.83 and its 200-day moving average price is $300.63. 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 (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

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

Quanta Services Company 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.