Quanta Services, Inc. (NYSE:PWR) Holdings Increased by Quaero Capital S.A.

Quaero Capital S.A. grew its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 198.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,128 shares of the construction company's stock after buying an additional 4,738 shares during the quarter. Quanta Services accounts for 2.9% of Quaero Capital S.A.'s investment portfolio, making the stock its 6th largest holding. Quaero Capital S.A.'s holdings in Quanta Services were worth $2,253,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PWR. Webster Bank N. A. increased its holdings in shares of Quanta Services by 4,050.0% in the 4th 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 in the last quarter. Prestige Wealth Management Group LLC purchased a new position in shares of Quanta Services in the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new position in shares of Quanta Services in the 3rd quarter valued at about $31,000. Sound Income Strategies LLC increased its holdings in shares of Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. Finally, Versant Capital Management Inc increased 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 valued at $37,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Trading Up 1.5 %

Shares of PWR stock traded up $4.45 during trading hours on Wednesday, hitting $292.04. 1,728,560 shares of the company were exchanged, compared to its average volume of 1,460,901. The firm has a market cap of $43.11 billion, a PE ratio of 53.88, a PEG ratio of 1.43 and a beta of 1.05. Quanta Services, Inc. has a 1 year low of $206.58 and a 1 year high of $365.88. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $318.48 and a 200 day moving average of $305.14.

Quanta Services Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Citigroup cut their price target on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. Stifel Nicolaus increased their price target on shares of Quanta Services from $374.00 to $388.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. UBS Group increased their price objective on shares of Quanta Services from $313.00 to $367.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird increased their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.