Natixis Takes Position in Quanta Services, Inc. (NYSE:PWR)

Natixis acquired a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,346 shares of the construction company's stock, valued at approximately $741,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Webster Bank N. A. grew its holdings in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC purchased a new position in Quanta Services during the fourth quarter worth about $27,000. Sound Income Strategies LLC increased its position 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 valued at $33,000 after acquiring an additional 91 shares during the last quarter. Centricity Wealth Management LLC purchased a new stake in shares of Quanta Services in the 4th quarter valued at approximately $34,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Quanta Services by 62.5% in the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research reports. Truist Financial decreased their price target on Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler initiated coverage on Quanta Services in a report on Tuesday, April 8th. They set an "overweight" rating and a $286.00 target price for the company. Citigroup cut their price target on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Roth Mkm assumed coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Quanta Services currently has an average rating of "Moderate Buy" and a consensus price target of $319.25.

Quanta Services Stock Performance

Shares of PWR opened at $274.93 on Thursday. The company has a market capitalization of $40.76 billion, a price-to-earnings ratio of 45.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $365.88. 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 stock has a 50 day moving average price of $261.88 and a 200 day moving average price of $300.80.

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 the consensus estimate 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 analysts' expectations of $6.61 billion. Research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Thursday, April 3rd. Quanta Services's payout ratio is currently 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.

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