DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 282,671 Shares of Quanta Services, Inc. (NYSE:PWR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,495,307 shares of the construction company's stock after selling 282,671 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 1.69% of Quanta Services worth $788,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Quanta Services by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock valued at $5,375,828,000 after purchasing an additional 161,277 shares during the last quarter. Capital World Investors grew its position in Quanta Services by 14.1% in the fourth quarter. Capital World Investors now owns 7,223,471 shares of the construction company's stock valued at $2,282,978,000 after acquiring an additional 891,977 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Quanta Services by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company's stock worth $1,121,830,000 after acquiring an additional 99,416 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Quanta Services by 3.7% in the 4th quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company's stock valued at $604,871,000 after purchasing an additional 68,565 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Quanta Services during the 4th quarter valued at approximately $544,937,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Down 0.1 %

PWR stock traded down $0.25 during trading on Friday, reaching $326.00. 999,742 shares of the stock were exchanged, compared to its average volume of 1,619,300. The firm's 50 day moving average is $271.55 and its 200 day moving average is $300.64. The firm has a market cap of $48.33 billion, a P/E ratio of 54.06, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. 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 twelve month low of $227.08 and a twelve month high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.88 billion. During the same quarter in the previous year, the business posted $1.41 EPS. Quanta Services's quarterly revenue was up 23.9% on a year-over-year basis. As a group, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders 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 yield of 0.12%. The ex-dividend date was Thursday, April 3rd. Quanta Services's dividend payout ratio is currently 6.45%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Piper Sandler set a $360.00 price objective on Quanta Services and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Evercore ISI upped their target price on Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. TD Cowen lifted their price target on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their price objective on Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and an average price target of $344.35.

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.