Nomura Holdings Inc. Makes New $5.37 Million Investment in Quanta Services, Inc. (NYSE:PWR)

Nomura Holdings Inc. purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 16,985 shares of the construction company's stock, valued at approximately $5,368,000.

Several other hedge funds have also recently added to or reduced their stakes in PWR. Banque Transatlantique SA bought a new position in Quanta Services during the 4th quarter worth approximately $25,000. Webster Bank N. A. raised its holdings in Quanta Services by 4,050.0% during 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 bought a new position in Quanta Services during the 4th quarter worth approximately $26,000. Sierra Ocean LLC bought a new position in Quanta Services during the 4th quarter worth approximately $27,000. Finally, Sound Income Strategies LLC increased its stake in shares of Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

PWR traded down $0.25 during trading on Monday, hitting $344.54. 730,249 shares of the company traded hands, compared to its average volume of 1,601,956. The firm has a market cap of $51.08 billion, a P/E ratio of 57.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The stock's fifty day moving average is $281.22 and its 200 day moving average is $301.67. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

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, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm's revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. As a group, equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.10 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. Quanta Services's dividend payout ratio is presently 6.45%.

Analyst Ratings Changes

PWR has been the subject of several research analyst reports. Daiwa America upgraded shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 11th. Bank of America initiated coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a "buy" rating and a $407.00 price objective for the company. Piper Sandler set a $360.00 price objective on shares of Quanta Services and gave the company an "overweight" rating in a research note on Tuesday, May 6th. Truist Financial lowered 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 note on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered their price objective on shares of Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $344.35.

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.