Myriad Asset Management US LP Takes Position in Quanta Services, Inc. (NYSE:PWR)

Myriad Asset Management US LP acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,059 shares of the construction company's stock, valued at approximately $1,283,000.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Quanta Services by 1.6% in the third quarter. State Street Corp now owns 5,748,637 shares of the construction company's stock worth $1,713,956,000 after buying an additional 89,975 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Quanta Services by 1.4% in the third quarter. Geode Capital Management LLC now owns 3,459,411 shares of the construction company's stock worth $1,027,887,000 after buying an additional 46,357 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Quanta Services by 4.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,052 shares of the construction company's stock worth $316,055,000 after buying an additional 43,715 shares during the period. Swedbank AB boosted its holdings in shares of Quanta Services by 4.6% in the third quarter. Swedbank AB now owns 960,081 shares of the construction company's stock worth $286,248,000 after buying an additional 42,579 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Quanta Services by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 848,776 shares of the construction company's stock worth $253,063,000 after buying an additional 11,565 shares during the period. Institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 1.5 %

NYSE:PWR traded up $4.45 on Wednesday, hitting $292.04. 1,728,560 shares of the stock were exchanged, compared to its average volume of 1,460,901. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market capitalization of $43.11 billion, a price-to-earnings ratio of 53.88, a P/E/G ratio of 1.43 and a beta of 1.05. The company's 50-day moving average price is $318.48 and its 200 day moving average price is $305.14. Quanta Services, Inc. has a 52 week low of $206.58 and a 52 week high of $365.88.

Quanta Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a $0.10 dividend. The ex-dividend date was Thursday, January 2nd. This is a positive change from Quanta Services's previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. Quanta Services's payout ratio is currently 7.38%.

Wall Street Analyst Weigh In

PWR has been the subject of several recent analyst reports. Daiwa America upgraded shares of Quanta Services to a "strong-buy" rating in a report on Friday, December 6th. Stifel Nicolaus raised their price target on shares of Quanta Services from $374.00 to $388.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. BMO Capital Markets assumed coverage on shares of Quanta Services in a report on Monday, February 3rd. They set an "outperform" rating and a $338.00 price target for the company. Bank of America assumed coverage on shares of Quanta Services in a report on Friday, January 24th. They set a "buy" rating and a $407.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $330.50.

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.