2,346 Shares in Quanta Services, Inc. (NYSE:PWR) Acquired by Natixis

Natixis acquired a new stake in Quanta Services, Inc. (NYSE:PWR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,346 shares of the construction company's stock, valued at approximately $741,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Quanta Services during the fourth quarter worth about $544,937,000. Capital World Investors increased its holdings in shares of Quanta Services by 14.1% during the fourth quarter. Capital World Investors now owns 7,223,471 shares of the construction company's stock worth $2,282,978,000 after purchasing an additional 891,977 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Quanta Services in the fourth quarter valued at approximately $203,068,000. First Trust Advisors LP grew its position in Quanta Services by 54.1% during the fourth quarter. First Trust Advisors LP now owns 725,453 shares of the construction company's stock worth $229,279,000 after buying an additional 254,640 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Quanta Services during the 4th quarter worth $53,949,000. Institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PWR. Piper Sandler started coverage on Quanta Services in a report on Tuesday, April 8th. They set an "overweight" rating and a $286.00 target price on the stock. Roth Mkm started coverage on shares of Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. B. Riley reissued a "neutral" rating and issued a $300.00 price objective (down from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Finally, Citigroup cut their target price on Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and an average target price of $321.70.

Quanta Services Stock Performance

PWR stock traded down $0.29 during mid-day trading on Tuesday, hitting $290.33. The company had a trading volume of 224,296 shares, compared to its average volume of 1,615,319. 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 cap of $43.05 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88. The stock's fifty day moving average price is $261.84 and its two-hundred day moving average price is $300.27.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.61 billion. On average, analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. Quanta Services's payout ratio is 6.63%.

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.