Voya Investment Management LLC Has $174.02 Million Position in Quanta Services, Inc. (NYSE:PWR)

Voya Investment Management LLC increased its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 210.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 550,598 shares of the construction company's stock after acquiring an additional 373,429 shares during the quarter. Voya Investment Management LLC owned approximately 0.37% of Quanta Services worth $174,016,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of Quanta Services by 14.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 24,828 shares of the construction company's stock worth $7,847,000 after purchasing an additional 3,184 shares during the period. RiverPark Advisors LLC boosted its holdings in shares of Quanta Services by 1,720.0% during the fourth quarter. RiverPark Advisors LLC now owns 3,367 shares of the construction company's stock valued at $1,064,000 after acquiring an additional 3,182 shares during the period. Evercore Wealth Management LLC acquired a new stake in shares of Quanta Services in the 4th quarter worth about $218,000. Syon Capital LLC bought a new stake in Quanta Services in the 4th quarter valued at about $250,000. Finally, T. Rowe Price Investment Management Inc. grew its position in Quanta Services by 0.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 821,110 shares of the construction company's stock worth $259,512,000 after purchasing an additional 3,720 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PWR. The Goldman Sachs Group reduced their price objective on Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Roth Capital raised Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Citigroup reduced their price objective on shares of Quanta Services from $366.00 to $342.00 and set a "buy" rating for the company in a report on Friday. BMO Capital Markets raised shares of Quanta Services from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Finally, Bank of America began coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a "buy" rating and a $407.00 price target for the company. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Quanta Services has an average rating of "Moderate Buy" and an average price target of $321.70.

Quanta Services Stock Up 0.1 %

Shares of PWR traded up $0.39 during trading hours on Tuesday, reaching $291.01. The company's stock had a trading volume of 344,963 shares, compared to its average volume of 1,617,292. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a market cap of $43.15 billion, a price-to-earnings ratio of 48.26, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a 50 day moving average of $261.84 and a two-hundred day moving average of $300.27. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $365.88.

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

Quanta Services Announces Dividend

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

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.