Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Vestor Capital LLC

Vestor Capital LLC lifted its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 22,640.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,974 shares of the construction company's stock after purchasing an additional 32,829 shares during the period. Vestor Capital LLC's holdings in Quanta Services were worth $10,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Private Wealth Services LLC raised its position in shares of Quanta Services by 85.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock valued at $1,502,000 after buying an additional 2,184 shares during the last quarter. Principal Financial Group Inc. grew its stake in Quanta Services by 5.6% during the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock valued at $61,932,000 after acquiring an additional 11,012 shares in the last quarter. Synovus Financial Corp increased its holdings in Quanta Services by 34.0% in the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock valued at $2,148,000 after acquiring an additional 1,830 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Quanta Services by 4.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock worth $5,554,000 after purchasing an additional 793 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new position in shares of Quanta Services during the 4th quarter valued at about $1,754,000. 90.49% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently commented on PWR. JPMorgan Chase & Co. increased their price target on Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Bank of America began coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a "buy" rating and a $407.00 price target on the stock. Citigroup dropped their price objective on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Daiwa America lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. Finally, Roth Mkm started coverage on Quanta Services in a research report on Friday, February 21st. They set a "buy" rating and a $350.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $326.79.

Quanta Services Stock Down 5.7 %

Shares of PWR traded down $15.80 during midday trading on Wednesday, reaching $260.45. 1,520,929 shares of the stock were exchanged, compared to its average volume of 1,736,638. The company has a market capitalization of $38.60 billion, a P/E ratio of 43.19, a PEG ratio of 1.41 and a beta of 1.10. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. The company's 50 day moving average is $286.36 and its two-hundred day moving average is $304.69.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating 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 business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 annualized dividend and a 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.