Quanta Services, Inc. (NYSE:PWR) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC raised its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,451 shares of the construction company's stock after acquiring an additional 3,095 shares during the quarter. Gotham Asset Management LLC's holdings in Quanta Services were worth $5,199,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Transatlantique SA purchased a new position in Quanta Services in the fourth quarter worth approximately $25,000. Quarry LP purchased a new position in Quanta Services in the fourth quarter worth approximately $26,000. Webster Bank N. A. lifted its stake in Quanta Services by 4,050.0% in 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 during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Quanta Services during the 4th quarter worth approximately $27,000. Finally, Sound Income Strategies LLC lifted its position 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 buying an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on PWR shares. Stifel Nicolaus boosted their price objective on shares of Quanta Services from $306.00 to $363.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Truist Financial reduced their price objective on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. B. Riley boosted their price objective on shares of Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Argus set a $375.00 price objective on shares of Quanta Services in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $344.35.

Quanta Services Stock Performance

PWR traded up $4.55 during trading on Friday, hitting $344.92. The stock had a trading volume of 1,070,444 shares, compared to its average volume of 1,611,328. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The firm has a market capitalization of $51.14 billion, a P/E ratio of 57.20, a PEG ratio of 1.41 and a beta of 1.02. The company's 50-day moving average price is $281.22 and its 200 day moving average price is $301.74.

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, topping analysts' consensus estimates 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 analysts' expectations of $5.88 billion. During the same period in the prior year, the company posted $1.41 EPS. The business's revenue for the quarter was up 23.9% on a year-over-year basis. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a 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.