Pacer Advisors Inc. Boosts Position in Quanta Services, Inc. (NYSE:PWR)

Pacer Advisors Inc. boosted its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,130 shares of the construction company's stock after acquiring an additional 1,230 shares during the period. Pacer Advisors Inc.'s holdings in Quanta Services were worth $3,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PWR. Versor Investments LP purchased a new position in shares of Quanta Services during the 3rd quarter valued at $406,000. Principal Financial Group Inc. grew its position in Quanta Services by 5.6% during the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after buying an additional 11,012 shares in the last quarter. Asio Capital LLC bought a new position in Quanta Services in the 3rd quarter worth about $2,715,000. Waverton Investment Management Ltd raised its holdings in shares of Quanta Services by 6.5% in the 3rd quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company's stock valued at $12,509,000 after acquiring an additional 2,557 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Quanta Services by 34.0% during the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after acquiring an additional 1,830 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PWR shares. TD Cowen upped their price objective on shares of Quanta Services from $280.00 to $335.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Northland Securities restated an "outperform" rating and set a $328.00 price objective (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. UBS Group upped their target price on shares of Quanta Services from $313.00 to $367.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Robert W. Baird raised their price target on Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Citigroup cut their price objective on Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $330.06.

Quanta Services Trading Up 1.0 %

Shares of Quanta Services stock traded up $3.16 during midday trading on Friday, reaching $312.45. 453,698 shares of the company's stock traded hands, compared to its average volume of 1,449,134. The company has a market cap of $46.12 billion, a PE ratio of 57.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The stock has a 50 day moving average of $329.27 and a 200-day moving average of $300.65. Quanta Services, Inc. has a 12 month low of $193.52 and a 12 month high of $365.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The company had revenue of $6.49 billion for the quarter, compared to analysts' expectations of $6.56 billion. During the same period in the prior year, the firm earned $2.08 earnings per share. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities analysts expect that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.10 per share. This is a positive change from Quanta Services's previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services's dividend payout ratio (DPR) is currently 7.38%.

Quanta Services Company 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.