Union Bancaire Privee UBP SA Acquires 8,980 Shares of Quanta Services, Inc. (NYSE:PWR)

Union Bancaire Privee UBP SA boosted its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 158,179 shares of the construction company's stock after buying an additional 8,980 shares during the period. Union Bancaire Privee UBP SA owned 0.11% of Quanta Services worth $39,035,000 as of its most recent SEC filing.

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

Quanta Services Trading Down 0.2%

NYSE PWR traded down $0.79 during trading on Friday, hitting $357.86. The stock had a trading volume of 796,164 shares, compared to its average volume of 1,505,997. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The stock has a market capitalization of $53.06 billion, a price-to-earnings ratio of 59.35, a P/E/G ratio of 1.41 and a beta of 1.07. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The stock has a 50 day simple moving average of $316.61 and a 200 day simple moving average of $304.39.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm's quarterly revenue was up 23.9% compared to the same quarter last year. Sell-side analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.11%. The ex-dividend date of this dividend is Tuesday, July 1st. Quanta Services's dividend payout ratio is presently 6.45%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PWR shares. Argus set a $375.00 price objective on Quanta Services in a research report on Monday, May 5th. The Goldman Sachs Group restated a "buy" rating and set a $414.00 price objective (up previously from $364.00) on shares of Quanta Services in a research report on Wednesday, June 4th. DA Davidson raised their price objective on Quanta Services from $295.00 to $305.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Roth Mkm started coverage on Quanta Services in a research report on Friday, February 21st. They set a "buy" rating and a $350.00 price objective for the company. Finally, Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Six research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $349.65.

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.