National Pension Service Has $49.66 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Key Points

• National Pension Service increased its holdings in Quanta Services, Inc. by 14.0% during the first quarter, now owning approximately $49.66 million worth of shares.
• Quanta Services reported $2.48 earnings per share for the last quarter, exceeding analysts' expectations of $2.44, with a revenue increase of 21.1% year-over-year.
• The company recently declared a quarterly dividend of $0.10 per share, reflecting an annualized yield of 0.1%.

National Pension Service grew its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 14.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 195,382 shares of the construction company's stock after acquiring an additional 23,991 shares during the quarter. National Pension Service owned 0.13% of Quanta Services worth $49,662,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PWR. Frank Rimerman Advisors LLC lifted its position in shares of Quanta Services by 1.1% in the first quarter. Frank Rimerman Advisors LLC now owns 3,114 shares of the construction company's stock valued at $792,000 after buying an additional 34 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its position in shares of Quanta Services by 3.4% in the first quarter. Legacy Capital Wealth Partners LLC now owns 1,089 shares of the construction company's stock valued at $277,000 after buying an additional 36 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Quanta Services by 2.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 1,436 shares of the construction company's stock valued at $365,000 after buying an additional 37 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Quanta Services by 15.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 282 shares of the construction company's stock valued at $72,000 after buying an additional 38 shares during the last quarter. Finally, Kerntke Otto McGlone Wealth Management Group lifted its position in shares of Quanta Services by 3.0% in the first quarter. Kerntke Otto McGlone Wealth Management Group now owns 1,356 shares of the construction company's stock valued at $345,000 after buying an additional 39 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

NYSE PWR traded up $2.45 during midday trading on Friday, hitting $379.96. The company had a trading volume of 1,436,415 shares, compared to its average volume of 1,312,980. The company has a market capitalization of $56.62 billion, a PE ratio of 58.82, a P/E/G ratio of 2.26 and a beta of 1.10. The company has a current ratio of 1.37, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $382.86 and a 200-day moving average price of $322.64. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $424.94.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.04. Quanta Services had a return on equity of 18.41% and a net margin of 3.73%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the company posted $1.90 EPS. The company's revenue for the quarter was up 21.1% compared to the same quarter last year. As a group, analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st were paid a $0.10 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Quanta Services's dividend payout ratio (DPR) is presently 6.19%.

Analyst Ratings Changes

PWR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Quanta Services from $345.00 to $392.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Evercore ISI raised their price objective on Quanta Services from $360.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. BMO Capital Markets cut Quanta Services from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $352.00 to $400.00 in a research report on Thursday, July 17th. DA Davidson raised their price objective on Quanta Services from $305.00 to $395.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, TD Cowen increased their target price on Quanta Services from $355.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Twelve research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $392.45.

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.