Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Perbak Capital Partners LLP

Perbak Capital Partners LLP raised its holdings in Quanta Services, Inc. (NYSE:PWR) by 95.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,109 shares of the construction company’s stock after purchasing an additional 2,496 shares during the period. Quanta Services comprises 0.9% of Perbak Capital Partners LLP’s holdings, making the stock its 28th largest position. Perbak Capital Partners LLP’s holdings in Quanta Services were worth $1,615,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC increased its stake in shares of Quanta Services by 85.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company’s stock worth $1,502,000 after purchasing an additional 2,184 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Quanta Services by 5.6% in the third quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock valued at $61,932,000 after acquiring an additional 11,012 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Quanta Services by 34.0% in the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock worth $2,148,000 after acquiring an additional 1,830 shares during the last quarter. Allstate Corp acquired a new position in Quanta Services in the 4th quarter valued at $1,357,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Quanta Services by 4.7% during the 4th 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 last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PWR shares. Bank of America assumed coverage on Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. Stifel Nicolaus cut their price objective on shares of Quanta Services from $323.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Guggenheim initiated coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Finally, Citigroup cut their price target on shares of Quanta Services from $366.00 to $342.00 and set a “buy” rating for the company in a report on Friday. Six investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $321.70.

Quanta Services Trading Up 1.5 %

Shares of Quanta Services stock opened at $291.52 on Tuesday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $365.88. The stock has a market cap of $43.22 billion, a PE ratio of 48.35, a price-to-earnings-growth 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. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data 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 firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. On average, research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. Quanta Services’s dividend payout ratio 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.