Insight Inv LLC Invests $4.94 Million in Quanta Services, Inc. (NYSE:PWR)

Insight Inv LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 19,425 shares of the construction company's stock, valued at approximately $4,937,000. Quanta Services accounts for approximately 1.9% of Insight Inv LLC's holdings, making the stock its 10th largest position.

A number of other institutional investors have also recently bought and sold shares of PWR. Brighton Jones LLC bought a new position in shares of Quanta Services during the fourth quarter worth about $298,000. SVB Wealth LLC bought a new position in shares of Quanta Services during the 4th quarter worth approximately $323,000. Fisher Asset Management LLC raised its holdings in shares of Quanta Services by 40.1% in the fourth quarter. Fisher Asset Management LLC now owns 989 shares of the construction company's stock valued at $313,000 after purchasing an additional 283 shares during the last quarter. US Bancorp DE lifted its position in shares of Quanta Services by 12.6% in the fourth quarter. US Bancorp DE now owns 17,917 shares of the construction company's stock worth $5,663,000 after purchasing an additional 2,003 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Quanta Services by 2.1% during the fourth quarter. Metis Global Partners LLC now owns 5,992 shares of the construction company's stock worth $1,894,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PWR shares. Argus set a $375.00 price target on shares of Quanta Services in a research report on Monday, May 5th. B. Riley upped their target price on Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Wall Street Zen upgraded Quanta Services from a "hold" rating to a "buy" rating in a research note on Friday. BMO Capital Markets set a $352.00 price target on Quanta Services in a research report on Friday, May 2nd. Finally, Daiwa America raised Quanta Services from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $349.65.

Quanta Services Stock Performance

Shares of NYSE PWR traded down $6.07 during trading hours on Tuesday, reaching $372.01. 1,428,816 shares of the stock were exchanged, compared to its average volume of 1,103,847. The firm has a market capitalization of $55.15 billion, a price-to-earnings ratio of 60.00, a P/E/G ratio of 2.94 and a beta of 1.08. The stock's fifty day simple moving average is $341.44 and its 200 day simple moving average is $307.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $382.79.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The company's revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. Sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.11%. 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.