Polianta Ltd Buys New Stake in Quanta Services, Inc. (NYSE:PWR)

Polianta Ltd acquired a new stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,200 shares of the construction company's stock, valued at approximately $1,067,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Transatlantique SA purchased a new stake in Quanta Services during the fourth quarter valued at about $25,000. Quarry LP purchased a new position in Quanta Services in the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new stake in Quanta Services in the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new position in shares of Quanta Services in the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. increased its stake in shares of Quanta Services by 1,027.3% in the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock worth $39,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Citigroup cut their price objective on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. B. Riley upped their target price on Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Roth Mkm started coverage on shares of Quanta Services in a research report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Finally, Daiwa America raised shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and a consensus target price of $349.65.

Quanta Services Stock Performance

Shares of PWR stock traded down $0.79 during mid-day trading on Friday, reaching $357.86. 796,164 shares of the company's stock traded hands, compared to its average volume of 1,505,997. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88. The firm has a 50 day moving average price of $314.35 and a two-hundred day moving average price of $304.86. The firm has a market capitalization of $53.06 billion, a PE ratio of 59.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. 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 (NYSE:PWR - Get Free Report) last posted 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 return on equity of 18.00% and a net margin of 3.82%. The firm had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter last year, the company earned $1.41 earnings per share. The business's revenue for the quarter was up 23.9% compared to the same quarter last year. On average, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders 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 dividend on an annualized basis and a yield of 0.11%. Quanta Services's dividend payout ratio is presently 6.45%.

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.