4,000 Shares in Quanta Services, Inc. (NYSE:PWR) Purchased by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD bought a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,000 shares of the construction company's stock, valued at approximately $1,264,000.

Other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. lifted its position in Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Sierra Ocean LLC bought a new stake in Quanta Services during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new stake in Quanta Services during the 3rd quarter valued at $31,000. Prestige Wealth Management Group LLC bought a new stake in Quanta Services in the 3rd quarter worth $30,000. Finally, Sound Income Strategies LLC increased its position in shares of Quanta Services by 700.0% in 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 period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Up 1.6 %

Shares of NYSE PWR traded up $4.30 during trading on Friday, reaching $267.00. The company had a trading volume of 440,976 shares, compared to its average volume of 1,695,229. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month 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 business's 50-day moving average is $267.81 and its 200 day moving average is $302.72. The stock has a market cap of $39.57 billion, a PE ratio of 44.28, a P/E/G ratio of 1.41 and a beta of 1.04.

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Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion for 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, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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 issued a $0.10 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. Quanta Services's payout ratio is currently 6.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on PWR shares. Stifel Nicolaus cut their target price on Quanta Services from $323.00 to $287.00 and set a "buy" rating on the stock in a research note on Wednesday. Roth Mkm started coverage on Quanta Services in a research report on Friday, February 21st. They issued a "buy" rating and a $350.00 price objective on the stock. Piper Sandler assumed coverage on Quanta Services in a report on Tuesday. They set an "overweight" rating and a $286.00 target price for the company. BMO Capital Markets upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and cut their price target for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Finally, Truist Financial reduced their price objective on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $319.25.

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.