Vise Technologies Inc. Boosts Stake in Quanta Services, Inc. (NYSE:PWR)

Vise Technologies Inc. boosted its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 98.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,270 shares of the construction company's stock after purchasing an additional 1,127 shares during the quarter. Vise Technologies Inc.'s holdings in Quanta Services were worth $718,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of Quanta Services during the fourth quarter worth approximately $25,000. Webster Bank N. A. increased its position in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Quarry LP acquired a new stake in Quanta Services in the 4th quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new position in Quanta Services during the 4th quarter worth approximately $27,000. Finally, Sound Income Strategies LLC grew its stake in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock worth $33,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

Analyst Upgrades and Downgrades

PWR has been the subject of several analyst reports. Roth Mkm initiated coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. Evercore ISI raised their price target on Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. TD Cowen lifted their price target on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Stifel Nicolaus raised their target price on shares of Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $344.85.

Quanta Services Trading Down 0.2%

Shares of NYSE PWR traded down $0.52 during trading hours on Thursday, hitting $339.80. 571,897 shares of the company traded hands, compared to its average volume of 1,558,071. The company's 50 day moving average price is $293.45 and its 200 day moving average price is $303.24. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88. The stock has a market capitalization of $50.38 billion, a price-to-earnings ratio of 56.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last announced its 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 business had revenue of $6.23 billion for 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 for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. On average, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date is Tuesday, July 1st. Quanta Services's dividend payout ratio is currently 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.