Dimensional Fund Advisors LP Has $270.88 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Dimensional Fund Advisors LP lessened its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 856,987 shares of the construction company's stock after selling 45,982 shares during the period. Dimensional Fund Advisors LP owned 0.58% of Quanta Services worth $270,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PWR. Webster Bank N. A. lifted its stake in shares of Quanta Services by 4,050.0% during the 4th 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 last quarter. Sierra Ocean LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth about $27,000. Sound Income Strategies LLC lifted its stake in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock worth $33,000 after buying an additional 91 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth about $34,000. Finally, Versant Capital Management Inc lifted its stake in shares of Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on PWR shares. Truist Financial dropped their price objective on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Bank of America assumed coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a "buy" rating and a $407.00 target price on the stock. Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a report on Monday, February 24th. B. Riley reissued a "neutral" rating and issued a $300.00 target price (down from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Finally, BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and decreased their target price for the company from $338.00 to $316.00 in a report on Tuesday, February 25th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $321.70.

Quanta Services Trading Up 2.0 %

PWR traded up $5.52 during trading on Friday, reaching $287.64. 1,205,547 shares of the company's stock were exchanged, compared to its average volume of 1,640,927. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $42.65 billion, a PE ratio of 47.70, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The firm has a fifty day moving average price of $261.85 and a two-hundred day moving average price of $300.39.

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

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services's dividend payout ratio (DPR) is currently 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.