689 Shares in Quanta Services, Inc. (NYSE:PWR) Bought by Evercore Wealth Management LLC

Evercore Wealth Management LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, Holdings Channel.com reports. The firm bought 689 shares of the construction company’s stock, valued at approximately $218,000.

Several other large investors also recently made changes to their positions in PWR. Vanguard Group Inc. raised its stake in Quanta Services by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company’s stock valued at $5,375,828,000 after acquiring an additional 161,277 shares in the last quarter. Capital World Investors lifted its holdings in Quanta Services by 14.1% in 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. Geode Capital Management LLC grew its position in Quanta Services by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company’s stock valued at $1,121,830,000 after buying an additional 99,416 shares in the last quarter. Invesco Ltd. increased its stake in Quanta Services by 3.7% during the 4th quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company’s stock valued at $604,871,000 after buying an additional 68,565 shares during the period. Finally, Norges Bank bought a new stake in shares of Quanta Services during the 4th quarter worth about $544,937,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PWR. Stifel Nicolaus lowered their price objective on shares of Quanta Services from $323.00 to $287.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Bank of America initiated coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price target on the stock. Roth Capital raised Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Daiwa Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Finally, Daiwa America raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 11th. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $323.15.

Quanta Services Stock Performance

Shares of NYSE PWR opened at $282.48 on Friday. The company has a market capitalization of $41.88 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The business’s 50-day moving average price is $261.83 and its two-hundred day moving average price is $300.63.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.14%. Quanta Services’s dividend payout ratio (DPR) is currently 6.63%.

Quanta Services Company 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.