Quanta Services, Inc. (NYSE:PWR) Shares Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 1,720.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,367 shares of the construction company's stock after buying an additional 3,182 shares during the quarter. RiverPark Advisors LLC's holdings in Quanta Services were worth $1,064,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Evercore Wealth Management LLC acquired a new stake in shares of Quanta Services in the 4th quarter worth about $218,000. Syon Capital LLC acquired a new position in Quanta Services during the 4th quarter valued at about $250,000. T. Rowe Price Investment Management Inc. grew its position in Quanta Services by 0.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 821,110 shares of the construction company's stock worth $259,512,000 after purchasing an additional 3,720 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Quanta Services by 179.1% in the fourth quarter. MGO One Seven LLC now owns 13,609 shares of the construction company's stock valued at $4,301,000 after purchasing an additional 8,733 shares during the period. Finally, Harvest Investment Services LLC raised its holdings in shares of Quanta Services by 137.5% during the fourth quarter. Harvest Investment Services LLC now owns 12,451 shares of the construction company's stock valued at $3,935,000 after buying an additional 7,208 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Daiwa America upgraded Quanta Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Guggenheim assumed coverage on Quanta Services in a report on Wednesday, January 8th. They set a "neutral" rating on the stock. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Citigroup decreased their target price on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and a consensus target price of $319.25.

Quanta Services Trading Up 5.0 %

Shares of PWR opened at $274.93 on Thursday. The business's 50-day moving average price is $261.88 and its 200 day moving average price is $300.80. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $40.76 billion, a P/E ratio of 45.59, a P/E/G ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.12. The business 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%. Analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

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.

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