Triglav Skladi D.O.O. Acquires Shares of 6,865 Quanta Services, Inc. (NYSE:PWR)

Triglav Skladi D.O.O. purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,865 shares of the construction company's stock, valued at approximately $2,170,000.

Several other large investors have also recently modified their holdings of PWR. Ritholtz Wealth Management increased its holdings in shares of Quanta Services by 10.6% in the fourth quarter. Ritholtz Wealth Management now owns 4,608 shares of the construction company's stock worth $1,456,000 after buying an additional 440 shares during the period. Merit Financial Group LLC bought a new stake in shares of Quanta Services in the 4th quarter worth approximately $482,000. Brooklyn Investment Group increased its stake in shares of Quanta Services by 17.4% during the fourth quarter. Brooklyn Investment Group now owns 492 shares of the construction company's stock valued at $155,000 after buying an additional 73 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Quanta Services during the fourth quarter valued at approximately $260,000. Finally, HB Wealth Management LLC increased its stake in shares of Quanta Services by 0.9% during the fourth quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company's stock valued at $1,050,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PWR. TD Cowen boosted their target price on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Citigroup reduced 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. Argus set a $375.00 target price on Quanta Services in a report on Monday, May 5th. Daiwa America upgraded Quanta Services from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Finally, Piper Sandler set a $360.00 target price on Quanta Services and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $344.35.

Quanta Services Trading Down 3.1%

Shares of NYSE:PWR traded down $10.52 during mid-day trading on Thursday, reaching $330.71. 1,876,687 shares of the company were exchanged, compared to its average volume of 1,589,238. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The firm has a market cap of $49.03 billion, a price-to-earnings ratio of 54.84, a P/E/G ratio of 1.41 and a beta of 1.02. The firm's 50-day simple moving average is $286.60 and its 200 day simple moving average is $302.53. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88.

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, beating the consensus estimate of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter last year, the company posted $1.41 EPS. The firm's revenue was up 23.9% compared to the same quarter last year. Equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services's payout ratio is 6.45%.

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.