Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Bamco Inc. NY

Bamco Inc. NY grew its position in Quanta Services, Inc. (NYSE:PWR) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 323,335 shares of the construction company’s stock after acquiring an additional 546 shares during the quarter. Bamco Inc. NY’s holdings in Quanta Services were worth $102,190,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Quanta Services by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock worth $1,317,000 after acquiring an additional 29 shares during the last quarter. Commonwealth Financial Services LLC grew its stake in shares of Quanta Services by 2.6% in the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock valued at $364,000 after buying an additional 29 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Quanta Services by 0.9% in the 4th quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock valued at $1,050,000 after buying an additional 31 shares during the period. Moody Lynn & Lieberson LLC boosted its holdings in Quanta Services by 0.5% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock valued at $1,941,000 after acquiring an additional 32 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of Quanta Services by 7.8% during the fourth quarter. Larson Financial Group LLC now owns 456 shares of the construction company’s stock worth $144,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR opened at $321.04 on Friday. The company has a market capitalization of $47.60 billion, a PE ratio of 53.24, a P/E/G ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $365.88. The company has a 50-day simple moving average of $264.93 and a 200-day simple moving average of $300.27. 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 (NYSE:PWR) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The company’s quarterly revenue was up 23.9% on a year-over-year basis. Equities research analysts predict that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors 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 0.12%. Quanta Services’s dividend payout ratio is presently 6.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America started coverage on shares of Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 target price on the stock. DA Davidson boosted their target price on Quanta Services from $295.00 to $305.00 and gave the stock a “neutral” rating in a research note on Friday. B. Riley increased their price target on Quanta Services from $300.00 to $355.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus lowered their price objective on Quanta Services from $323.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Daiwa Capital Markets downgraded shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Quanta Services has an average rating of “Moderate Buy” and a consensus price target of $330.80.

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.