Mariner LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 26.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,216 shares of the construction company's stock after purchasing an additional 7,392 shares during the quarter. Mariner LLC's holdings in Quanta Services were worth $11,130,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Webster Bank N. A. lifted its stake in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after buying an additional 81 shares during the period. Sierra Ocean LLC acquired a new stake in Quanta Services during the 4th quarter worth about $27,000. Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% during 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 during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of Quanta Services in the fourth quarter valued at about $34,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after purchasing an additional 45 shares during the period. 90.49% of the stock is currently owned by institutional investors and hedge funds.
Quanta Services Price Performance
NYSE PWR traded up $20.58 during trading hours on Wednesday, hitting $282.43. 550,143 shares of the company's stock traded hands, compared to its average volume of 1,632,485. The company has a market capitalization of $41.87 billion, a PE ratio of 46.84, a PEG ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $365.88. The firm's 50-day moving average is $262.09 and its 200-day moving average is $300.98.
Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly 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. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. Equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.
Quanta Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.14%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's payout ratio is currently 6.63%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Roth Capital raised Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Guggenheim began coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a "neutral" rating on the stock. Stifel Nicolaus cut their price objective on shares of Quanta Services from $323.00 to $287.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Bank of America assumed coverage on shares of Quanta Services in a research note on Friday, January 24th. They set a "buy" rating and a $407.00 target price on the stock. Finally, Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and an average target price of $319.25.
Read Our Latest Analysis on Quanta Services
About Quanta Services
(
Free Report)
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.
Featured Stories
Before you consider Quanta Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quanta Services wasn't on the list.
While Quanta Services currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
