Siemens Fonds Invest GmbH Has $7.48 Million Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Siemens Fonds Invest GmbH raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 468.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,669 shares of the construction company’s stock after purchasing an additional 19,506 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Quanta Services were worth $7,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of Quanta Services by 0.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock worth $1,317,000 after buying an additional 29 shares in the last quarter. Commonwealth Financial Services LLC raised its position in Quanta Services by 2.6% in the 4th quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock valued at $364,000 after purchasing an additional 29 shares during the last quarter. HB Wealth Management LLC raised its position in 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 purchasing an additional 31 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake in Quanta Services by 0.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after purchasing an additional 32 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings 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 during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Down 0.8%

Shares of Quanta Services stock opened at $340.24 on Friday. The company has a market capitalization of $50.45 billion, a P/E ratio of 56.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The stock has a fifty day simple moving average of $279.25 and a 200 day simple moving average of $301.53. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $365.88. 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 posted its 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. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 EPS. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently disclosed 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. 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 (DPR) is 6.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Bank of America assumed coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. B. Riley upped their price objective on Quanta Services from $300.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Argus set a $375.00 target price on Quanta Services in a research note on Monday, May 5th. Piper Sandler set a $360.00 price target on Quanta Services and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Finally, Citigroup lowered their price objective on Quanta Services from $366.00 to $342.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $344.35.

Quanta Services 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.