Generali Asset Management SPA SGR Takes Position in Quanta Services, Inc. (NYSE:PWR)

Generali Asset Management SPA SGR purchased a new position 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 5,356 shares of the construction company's stock, valued at approximately $1,693,000.

Other large investors also recently made changes to their positions in the company. Webster Bank N. A. grew its stake in 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 last quarter. Sierra Ocean LLC acquired a new position in shares of Quanta Services during the 4th quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services in the 3rd quarter valued at approximately $31,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services in the 3rd quarter worth approximately $30,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock worth $33,000 after buying an additional 91 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

NYSE:PWR traded down $2.24 during mid-day trading on Tuesday, reaching $276.16. 1,244,750 shares of the company were exchanged, compared to its average volume of 1,737,514. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The stock has a market cap of $40.93 billion, a PE ratio of 45.80, a PEG ratio of 1.41 and a beta of 1.10. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average of $288.60 and a 200 day moving average of $304.81.

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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 for the quarter, beating analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PWR. Citigroup dropped their target price on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. B. Riley reiterated a "neutral" rating and issued a $300.00 target price (down previously from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Stifel Nicolaus decreased their target price on Quanta Services from $388.00 to $323.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Bank of America assumed coverage on Quanta Services in a report on Friday, January 24th. They issued a "buy" rating and a $407.00 price target for the company. Finally, Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $326.79.

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.