Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 46.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,990 shares of the construction company's stock after acquiring an additional 4,436 shares during the period. Mizuho Securities USA LLC's holdings in Quanta Services were worth $4,422,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Kestra Private Wealth Services LLC lifted its position in Quanta Services by 85.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after buying an additional 2,184 shares during the period. Principal Financial Group Inc. increased its stake in shares of Quanta Services by 5.6% during the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after acquiring an additional 11,012 shares during the last quarter. Synovus Financial Corp lifted its holdings in shares of Quanta Services by 34.0% during the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock worth $2,148,000 after acquiring an additional 1,830 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of 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 worth $5,554,000 after acquiring an additional 793 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in Quanta Services during the fourth quarter worth approximately $1,754,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently issued reports on PWR shares. Stifel Nicolaus lowered their price objective on shares of Quanta Services from $388.00 to $323.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Roth Capital raised Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Guggenheim began coverage on Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating on the stock. B. Riley reiterated a "neutral" rating and set a $300.00 target price (down previously from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Finally, Roth Mkm began coverage on shares of Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average target price of $326.79.

Quanta Services Stock Down 2.4 %

Shares of NYSE:PWR traded down $6.17 during midday trading on Thursday, reaching $254.47. The company had a trading volume of 1,563,351 shares, compared to its average volume of 1,733,652. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The stock has a market capitalization of $37.71 billion, a P/E ratio of 42.20, a PEG ratio of 1.41 and a beta of 1.10. The stock's fifty day moving average price is $286.36 and its 200-day moving average price is $304.69.

Quanta Services (NYSE:PWR - Get Free Report) last issued its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $6.61 billion. Equities research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is presently 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.