Asset Management One Co. Ltd. Purchases 4,300 Shares of Quanta Services, Inc. (NYSE:PWR)

Asset Management One Co. Ltd. raised its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 84,751 shares of the construction company's stock after acquiring an additional 4,300 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Quanta Services worth $21,542,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Stiles Financial Services Inc lifted its stake in Quanta Services by 8.2% in the 1st quarter. Stiles Financial Services Inc now owns 920 shares of the construction company's stock valued at $234,000 after acquiring an additional 70 shares in the last quarter. Whalen Wealth Management Inc. raised its stake in shares of Quanta Services by 104.5% during the 1st quarter. Whalen Wealth Management Inc. now owns 3,517 shares of the construction company's stock worth $894,000 after purchasing an additional 1,797 shares in the last quarter. Friday Financial bought a new stake in shares of Quanta Services during the 1st quarter worth approximately $455,000. Duncker Streett & Co. Inc. raised its stake in shares of Quanta Services by 20,246.5% during the 1st quarter. Duncker Streett & Co. Inc. now owns 8,749 shares of the construction company's stock worth $2,224,000 after purchasing an additional 8,706 shares in the last quarter. Finally, Kennedy Investment Group raised its stake in shares of Quanta Services by 22.9% during the 1st quarter. Kennedy Investment Group now owns 3,215 shares of the construction company's stock worth $817,000 after purchasing an additional 599 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $374.05 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26. The stock's fifty day moving average price is $332.22 and its two-hundred day moving average price is $306.31. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $375.53. The firm has a market cap of $55.46 billion, a price-to-earnings ratio of 60.33, a P/E/G ratio of 2.90 and a beta of 1.07.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.06% and a net margin of 3.74%. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same period in the prior year, the firm posted $1.41 EPS. The company's revenue for the quarter was up 23.9% on a year-over-year basis. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The company also recently declared 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date is Tuesday, July 1st. Quanta Services's dividend payout ratio (DPR) is presently 6.45%.

Analyst Ratings Changes

PWR has been the topic of a number of analyst reports. Piper Sandler reiterated an "overweight" rating and set a $370.00 price objective (up previously from $360.00) on shares of Quanta Services in a research note on Tuesday, May 27th. BMO Capital Markets set a $352.00 price objective on Quanta Services in a research note on Friday, May 2nd. B. Riley upped their price objective on Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group reissued a "buy" rating and set a $414.00 target price (up from $364.00) on shares of Quanta Services in a report on Wednesday, June 4th. Finally, Citigroup decreased their target price on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $349.65.

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.

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