F M Investments LLC Increases Stake in Quanta Services, Inc. (NYSE:PWR)

F M Investments LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,384 shares of the construction company's stock after purchasing an additional 2,223 shares during the period. F M Investments LLC's holdings in Quanta Services were worth $8,971,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in shares of Quanta Services by 4.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,221 shares of the construction company's stock valued at $5,134,000 after acquiring an additional 800 shares during the period. MML Investors Services LLC grew its stake in Quanta Services by 8.0% in the third quarter. MML Investors Services LLC now owns 22,086 shares of the construction company's stock valued at $6,585,000 after purchasing an additional 1,643 shares during the last quarter. LRI Investments LLC raised its stake in shares of Quanta Services by 13.5% during the 3rd quarter. LRI Investments LLC now owns 378 shares of the construction company's stock worth $123,000 after acquiring an additional 45 shares in the last quarter. Prestige Wealth Management Group LLC purchased a new stake in Quanta Services during the third quarter valued at approximately $30,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Quanta Services by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,459,411 shares of the construction company's stock valued at $1,027,887,000 after purchasing an additional 46,357 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently commented on PWR. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a "buy" rating and a $407.00 price objective for the company. Guggenheim began coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They set a "neutral" rating for the company. JPMorgan Chase & Co. upped their target price on Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Stifel Nicolaus dropped their price target on Quanta Services from $323.00 to $287.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $319.25.

Quanta Services Price Performance

NYSE PWR traded up $0.48 during trading hours on Tuesday, reaching $274.78. The company's stock had a trading volume of 243,980 shares, compared to its average volume of 1,675,609. The firm has a market capitalization of $40.72 billion, a price-to-earnings ratio of 45.57, a P/E/G ratio of 1.41 and a beta of 1.04. The company's 50-day moving average is $266.73 and its two-hundred day moving average is $302.42. 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 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 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. The business had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's payout ratio is 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.