Invesco Ltd. Grows Stake in Quanta Services, Inc. (NYSE:PWR)

Invesco Ltd. boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,913,847 shares of the construction company's stock after purchasing an additional 68,565 shares during the quarter. Invesco Ltd. owned about 1.30% of Quanta Services worth $604,871,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in Quanta Services by 2.2% in the 4th quarter. Bank of Montreal Can now owns 284,638 shares of the construction company's stock worth $89,960,000 after acquiring an additional 6,148 shares during the last quarter. Cerity Partners LLC increased its position in Quanta Services by 2.1% in the fourth quarter. Cerity Partners LLC now owns 136,752 shares of the construction company's stock worth $43,060,000 after purchasing an additional 2,867 shares during the last quarter. Sierra Summit Advisors LLC raised its stake in Quanta Services by 11.8% during the fourth quarter. Sierra Summit Advisors LLC now owns 39,671 shares of the construction company's stock valued at $12,538,000 after purchasing an additional 4,172 shares in the last quarter. Polymer Capital Management HK LTD bought a new position in Quanta Services during the fourth quarter valued at $1,264,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Quanta Services by 74.3% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 305 shares of the construction company's stock worth $96,000 after buying an additional 130 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research firms recently commented on PWR. Stifel Nicolaus dropped their price target on Quanta Services from $323.00 to $287.00 and set a "buy" rating for the company in a research report on Wednesday. Daiwa America downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. Daiwa Capital Markets downgraded Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Roth Mkm initiated coverage on shares of Quanta Services in a research report on Friday, February 21st. They set a "buy" rating and a $350.00 price objective on the stock. Finally, BMO Capital Markets upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $338.00 to $316.00 in a report on Tuesday, February 25th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Quanta Services has an average rating of "Moderate Buy" and a consensus target price of $319.25.

Quanta Services Stock Up 2.7 %

Shares of NYSE:PWR traded up $7.20 during trading hours on Friday, hitting $269.90. The company's stock had a trading volume of 1,098,254 shares, compared to its average volume of 1,705,356. The firm's fifty day moving average price is $267.21 and its 200 day moving average price is $302.57. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $365.88. The company has a market capitalization of $40.00 billion, a price-to-earnings ratio of 44.76, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

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

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.15%. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

About Quanta Services

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.