Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Quanta Services, Inc. (NYSE:PWR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 106,090 shares of the construction company's stock, valued at approximately $33,530,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Quanta Services at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. United Advisor Group LLC bought a new stake in Quanta Services in the 4th quarter valued at $279,000. Challenger Wealth Management bought a new stake in Quanta Services in the 4th quarter valued at $610,000. Mackenzie Financial Corp increased its holdings in Quanta Services by 5.4% in the 4th quarter. Mackenzie Financial Corp now owns 13,242 shares of the construction company's stock valued at $4,185,000 after buying an additional 677 shares during the period. Forum Financial Management LP increased its holdings in Quanta Services by 8.7% in the 4th quarter. Forum Financial Management LP now owns 3,839 shares of the construction company's stock valued at $1,213,000 after buying an additional 307 shares during the period. Finally, Castlekeep Investment Advisors LLC bought a new stake in Quanta Services in the 4th quarter valued at $306,000. Institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PWR shares. Stifel Nicolaus boosted their price target on shares of Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a report on Monday, May 5th. Truist Financial lowered their target price on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. B. Riley upped their target price on shares of Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. TD Cowen upped their target price on shares of Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $344.85.

Quanta Services Trading Up 0.7%

Quanta Services stock traded up $2.30 during trading hours on Friday, reaching $342.04. 1,655,321 shares of the company's stock traded hands, compared to its average volume of 1,548,252. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88. The firm has a market capitalization of $50.71 billion, a price-to-earnings ratio of 56.72, a PEG ratio of 1.41 and a beta of 1.02. The firm's 50 day moving average is $295.98 and its 200-day moving average is $303.10.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (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 company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same period in the prior year, the company posted $1.41 EPS. The company's revenue was up 23.9% compared to the same quarter last year. On average, analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be given a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services's dividend payout ratio is 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.