Quanta Services, Inc. (NYSE:PWR) Shares Bought by Ethic Inc.

Ethic Inc. raised its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,124 shares of the construction company's stock after purchasing an additional 3,452 shares during the quarter. Ethic Inc.'s holdings in Quanta Services were worth $8,889,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PWR. Principal Financial Group Inc. boosted its holdings in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after buying an additional 11,012 shares during the last quarter. First Hawaiian Bank boosted its stake in Quanta Services by 62.2% during the fourth quarter. First Hawaiian Bank now owns 4,680 shares of the construction company's stock worth $1,479,000 after buying an additional 1,795 shares during the last quarter. Hilltop National Bank increased its stake in shares of Quanta Services by 4.0% in the 4th quarter. Hilltop National Bank now owns 6,472 shares of the construction company's stock worth $2,045,000 after acquiring an additional 248 shares during the last quarter. ORG Wealth Partners LLC raised its holdings in shares of Quanta Services by 71.9% during the 4th quarter. ORG Wealth Partners LLC now owns 550 shares of the construction company's stock worth $174,000 after acquiring an additional 230 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Quanta Services by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 2,910 shares of the construction company's stock valued at $920,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PWR shares. TD Cowen increased their price target on Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Roth Mkm assumed coverage on Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Finally, BMO Capital Markets set a $352.00 target price on shares of Quanta Services in a research note on Friday, May 2nd. Six investment 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $344.35.

Quanta Services Stock Performance

Shares of NYSE:PWR traded up $11.77 during midday trading on Tuesday, hitting $344.56. The stock had a trading volume of 1,654,838 shares, compared to its average volume of 1,619,316. The stock has a 50 day moving average price of $275.22 and a two-hundred day moving average price of $301.05. 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 company has a market capitalization of $51.09 billion, a PE ratio of 57.14, a P/E/G ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $5.88 billion. During the same period in the previous year, the firm earned $1.41 EPS. The business's revenue for the quarter was up 23.9% compared to the same quarter last year. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Thursday, April 3rd. Quanta Services's dividend payout ratio is presently 6.45%.

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.