USS Investment Management Ltd Has $7.76 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

USS Investment Management Ltd decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,529 shares of the construction company's stock after selling 5,907 shares during the period. USS Investment Management Ltd's holdings in Quanta Services were worth $7,759,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PWR. Banque Transatlantique SA bought a new stake in Quanta Services in the fourth quarter valued at $25,000. Webster Bank N. A. grew its holdings in shares of Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Quarry LP acquired a new stake in shares of Quanta Services during the 4th quarter worth about $26,000. Sierra Ocean LLC acquired a new stake in shares of Quanta Services during the 4th quarter worth about $27,000. Finally, Sound Income Strategies LLC lifted its holdings in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares during the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PWR has been the topic of several research analyst reports. B. Riley upped their price objective on shares of Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Truist Financial dropped their price target on Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lifted their price objective on Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group decreased their target price on Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $344.85.

Quanta Services Trading Up 1.8%

Quanta Services stock traded up $6.06 during trading hours on Tuesday, reaching $341.42. 417,803 shares of the company's stock traded hands, compared to its average volume of 1,570,584. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88. The firm's 50 day moving average is $290.60 and its 200-day moving average is $302.70. 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 firm has a market capitalization of $50.62 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 1.41 and a beta of 1.02.

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 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 business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same period in the prior year, the business posted $1.41 earnings per share. Quanta Services's revenue was up 23.9% compared to the same quarter last year. On average, 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 announced 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. This represents a $0.40 annualized dividend and a yield of 0.12%. The ex-dividend date is Tuesday, July 1st. Quanta Services's payout ratio is 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.