Siemens Fonds Invest GmbH increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 468.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,669 shares of the construction company's stock after buying an additional 19,506 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Quanta Services were worth $7,481,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Banque Transatlantique SA acquired a new stake in shares of Quanta Services in the 4th quarter valued at approximately $25,000. Webster Bank N. A. lifted its stake in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Quarry LP acquired a new stake in Quanta Services in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new position in shares of Quanta Services during the fourth quarter worth $27,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Quanta Services in the 4th quarter valued at $34,000. 90.49% of the stock is owned by institutional investors and hedge funds.
Quanta Services Trading Up 0.7%
Shares of NYSE:PWR traded up $2.30 during mid-day trading on Friday, hitting $342.04. The company had a trading volume of 1,655,321 shares, compared to its average volume of 1,548,252. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The firm has a fifty day moving average price of $294.66 and a 200 day moving average price of $303.31. The company has a market capitalization of $50.71 billion, a PE ratio of 56.72, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02.
Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business's revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. As a group, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.
Quanta Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be paid a $0.10 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. Quanta Services's dividend payout ratio (DPR) is presently 6.45%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on PWR. 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. Evercore ISI upped their price objective on Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and set a $370.00 target price (up from $360.00) on shares of Quanta Services in a research report on Tuesday. The Goldman Sachs Group decreased their price target on shares of Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Roth Mkm initiated coverage on shares of Quanta Services in a report on Friday, February 21st. They set a "buy" rating and a $350.00 price target on the stock. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $344.85.
Read Our Latest Stock Analysis on PWR
About Quanta Services
(
Free Report)
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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