Transatlantique Private Wealth LLC Makes New Investment in Quanta Services, Inc. (NYSE:PWR)

Transatlantique Private Wealth LLC bought a new position in Quanta Services, Inc. (NYSE:PWR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,389 shares of the construction company's stock, valued at approximately $439,000.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Quanta Services by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company's stock worth $1,317,000 after purchasing an additional 29 shares during the last quarter. Commonwealth Financial Services LLC increased its stake in shares of Quanta Services by 2.6% during the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company's stock valued at $364,000 after buying an additional 29 shares during the period. HB Wealth Management LLC boosted its holdings in Quanta Services by 0.9% in the fourth quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company's stock valued at $1,050,000 after acquiring an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC raised its holdings in Quanta Services by 0.5% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company's stock worth $1,941,000 after purchasing an additional 32 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Quanta Services by 7.8% during the fourth quarter. Larson Financial Group LLC now owns 456 shares of the construction company's stock valued at $144,000 after buying an additional 33 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

Shares of PWR stock traded up $8.17 on Thursday, reaching $282.48. The stock had a trading volume of 1,606,120 shares, compared to its average volume of 1,646,581. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88. The stock has a market cap of $41.88 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a 50 day simple moving average of $261.88 and a 200 day simple moving average of $300.80.

Quanta Services (NYSE:PWR - Get Free Report) last announced its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.61 billion. Equities research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders 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 yield of 0.14%. Quanta Services's payout ratio is presently 6.63%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BMO Capital Markets upgraded Quanta Services from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $338.00 to $316.00 in a report on Tuesday, February 25th. Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Daiwa America raised shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Bank of America initiated 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 for the company. Finally, 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 report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and an average price target of $323.15.

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.