KBC Group NV Has $3.72 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

KBC Group NV grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 20.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,627 shares of the construction company's stock after buying an additional 2,502 shares during the quarter. KBC Group NV's holdings in Quanta Services were worth $3,718,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new stake in Quanta Services in the 4th quarter valued at $25,000. Quarry LP purchased a new stake in shares of Quanta Services during the fourth quarter valued at approximately $26,000. Rakuten Securities Inc. lifted its position in shares of Quanta Services by 1,027.3% during the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock worth $39,000 after purchasing an additional 113 shares in the last quarter. OLD Second National Bank of Aurora purchased a new position in shares of Quanta Services in the first quarter valued at $42,000. Finally, Sound Income Strategies LLC grew its holdings in Quanta Services by 77.9% during the 1st quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock valued at $47,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Up 3.5%

PWR traded up $13.10 during trading on Thursday, reaching $386.51. The company had a trading volume of 869,625 shares, compared to its average volume of 1,483,891. The business's fifty day moving average price is $343.42 and its 200 day moving average price is $307.94. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.31 and a quick ratio of 1.26. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $387.37. The company has a market cap of $57.30 billion, a P/E ratio of 62.34, a PEG ratio of 2.90 and a beta of 1.08.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The company's revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. Equities analysts anticipate 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. Investors of record on Tuesday, July 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 0.10%. Quanta Services's payout ratio is currently 6.45%.

Analyst Ratings Changes

Several research firms have recently commented on PWR. Citigroup decreased their price target on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a report on Friday, April 25th. Daiwa America raised shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Stifel Nicolaus lifted their price objective on shares of Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Northland Capmk cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Northland Securities lowered Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective for the company. in a report on Wednesday. Eight 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 company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $350.95.

About Quanta Services

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.