OMERS ADMINISTRATION Corp Has $3.28 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

OMERS ADMINISTRATION Corp lessened its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,367 shares of the construction company's stock after selling 3,878 shares during the period. OMERS ADMINISTRATION Corp's holdings in Quanta Services were worth $3,276,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC raised its holdings in Quanta Services by 85.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after acquiring an additional 2,184 shares during the period. Allstate Corp acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $1,357,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Quanta Services by 4.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock worth $5,554,000 after purchasing an additional 793 shares during the period. SeaBridge Investment Advisors LLC acquired a new position in shares of Quanta Services during the 4th quarter worth about $1,754,000. Finally, Lebenthal Global Advisors LLC boosted its stake in Quanta Services by 10.7% during the 4th quarter. Lebenthal Global Advisors LLC now owns 8,627 shares of the construction company's stock valued at $2,727,000 after purchasing an additional 832 shares during the period. Institutional investors own 90.49% of the company's stock.

Quanta Services Price Performance

Shares of PWR traded up $4.55 during mid-day trading on Friday, reaching $344.92. The company 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 current ratio of 1.30 and a quick ratio of 1.19. The company has a market capitalization of $51.14 billion, a P/E ratio of 57.20, a P/E/G ratio of 1.41 and a beta of 1.02. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The company's 50-day moving average is $281.22 and its 200-day moving average is $301.67.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. The firm had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business's revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 earnings per share. On average, equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services's dividend payout ratio is currently 6.45%.

Wall Street Analyst Weigh In

Several research analysts have commented on PWR shares. DA Davidson lifted their price target on Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Truist Financial dropped their target price on shares of Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets set a $352.00 target price on shares of Quanta Services in a research note on Friday, May 2nd. TD Cowen raised their price target on shares of Quanta Services from $335.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Daiwa America raised shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Six investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $344.35.

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.