Royal London Asset Management Ltd. Buys 4,322 Shares of Quanta Services, Inc. (NYSE:PWR)

Royal London Asset Management Ltd. increased its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,045 shares of the construction company's stock after acquiring an additional 4,322 shares during the period. Royal London Asset Management Ltd.'s holdings in Quanta Services were worth $20,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Webster Bank N. A. increased its stake in shares of Quanta Services by 4,050.0% in 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 bought a new stake in Quanta Services in the 4th quarter worth $27,000. Prestige Wealth Management Group LLC purchased a new position in shares of Quanta Services in the third quarter valued at about $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of Quanta Services during the third quarter worth about $31,000. Finally, Sound Income Strategies LLC grew its stake 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 worth $33,000 after purchasing an additional 91 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PWR has been the subject of several research analyst reports. Guggenheim started coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They issued a "neutral" rating for the company. Bank of America started coverage on Quanta Services in a report on Friday, January 24th. They set a "buy" rating and a $407.00 target price on the stock. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. B. Riley reissued a "neutral" rating and set a $300.00 price objective (down previously from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Finally, Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and a consensus price target of $326.79.

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Quanta Services Stock Performance

Quanta Services stock traded down $15.80 during mid-day trading on Wednesday, reaching $260.45. 1,520,869 shares of the stock traded hands, compared to its average volume of 1,736,631. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88. The business's 50-day moving average is $287.74 and its 200-day moving average is $305.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The stock has a market capitalization of $38.60 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. As a group, sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS 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. Stockholders of record on Thursday, April 3rd will be paid a $0.10 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. Quanta Services's dividend payout ratio (DPR) is presently 6.63%.

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.