UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $316.06 Million Holdings in Quanta Services, Inc. (NYSE:PWR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,060,052 shares of the construction company's stock after purchasing an additional 43,715 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.72% of Quanta Services worth $316,055,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PWR. Cambridge Trust Co. bought a new position in Quanta Services during the first quarter valued at about $26,000. Valley Wealth Managers Inc. acquired a new stake in Quanta Services in the 2nd quarter valued at about $33,000. Quest Partners LLC bought a new position in shares of Quanta Services during the 2nd quarter valued at about $35,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Quanta Services in the 3rd quarter worth approximately $41,000. Finally, Eastern Bank bought a new stake in shares of Quanta Services in the 3rd quarter worth approximately $44,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Up 0.2 %

Shares of Quanta Services stock traded up $0.58 during midday trading on Friday, reaching $344.52. 370,777 shares of the company's stock traded hands, compared to its average volume of 893,141. The company has a market cap of $50.86 billion, a price-to-earnings ratio of 63.56 and a beta of 1.01. Quanta Services, Inc. has a 52 week low of $186.18 and a 52 week high of $350.19. The company's 50 day simple moving average is $315.72 and its 200 day simple moving average is $282.83. 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 announced its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.46 by $0.26. The company had revenue of $6.49 billion during the quarter, compared to analysts' expectations of $6.56 billion. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The business's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.08 earnings per share. Equities analysts expect that Quanta Services, Inc. will post 7.9 earnings per share for the current fiscal year.

Quanta Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, January 2nd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Quanta Services's previous quarterly dividend of $0.09. Quanta Services's dividend payout ratio (DPR) is 7.38%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PWR shares. Wolfe Research started coverage on shares of Quanta Services in a research report on Thursday, September 19th. They issued an "outperform" rating and a $313.00 price target on the stock. Citigroup lifted their target price on Quanta Services from $302.00 to $348.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Robert W. Baird upped their target price on Quanta Services from $320.00 to $333.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on Quanta Services from $283.00 to $342.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, B. Riley upped their price objective on shares of Quanta Services from $286.00 to $303.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $314.27.

About Quanta Services

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.