Quanta Services, Inc. $PWR Stock: Knights of Columbus Asset Advisors LLC Increases Stake

Knights of Columbus Asset Advisors LLC lifted its position in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 41.6% during the third quarter, Holdings Channel reports. The institutional investor owned 7,348 shares of the construction company’s stock after purchasing an additional 2,160 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Quanta Services were worth $4,721,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PWR. State Street Corp increased its stake in Quanta Services by 4.7% in the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after buying an additional 296,893 shares in the last quarter. Bank of America Corp DE raised its holdings in Quanta Services by 5.4% during the first quarter. Bank of America Corp DE now owns 3,444,711 shares of the construction company’s stock valued at $1,891,215,000 after acquiring an additional 175,184 shares during the period. Royal Bank of Canada lifted its position in shares of Quanta Services by 7.1% in the first quarter. Royal Bank of Canada now owns 1,264,827 shares of the construction company’s stock valued at $694,415,000 after acquiring an additional 83,363 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Quanta Services by 18.3% in the first quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after acquiring an additional 155,529 shares in the last quarter. Finally, Amundi lifted its position in shares of Quanta Services by 10.3% in the first quarter. Amundi now owns 580,718 shares of the construction company’s stock valued at $318,826,000 after acquiring an additional 54,237 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Key Quanta Services News

Here are the key news stories impacting Quanta Services this week:

Quanta Services Trading Down 1.3%

Shares of Quanta Services stock opened at $583.67 on Wednesday. Quanta Services, Inc. has a twelve month low of $408.36 and a twelve month high of $788.75. The company has a quick ratio of 1.13, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $628.15 and a 200-day moving average price of $627.57. The firm has a market cap of $87.95 billion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.51 and a beta of 1.29.

Quanta Services (NYSE:PWR – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $6.06 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $1.04. Quanta Services had a return on equity of 23.56% and a net margin of 4.51%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.03 billion. During the same period in the prior year, the company earned $3.33 earnings per share. The firm’s revenue was up 57.4% on a year-over-year basis. Equities research analysts anticipate that Quanta Services, Inc. will post 16.61 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, October 1st. Quanta Services’s dividend payout ratio is 3.99%.

Analyst Ratings Changes

PWR has been the subject of a number of recent analyst reports. Guggenheim raised Quanta Services from a “neutral” rating to a “buy” rating and set a $800.00 price objective for the company in a research note on Friday, July 31st. Wall Street Zen raised Quanta Services from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Deutsche Bank Aktiengesellschaft cut Quanta Services to a “sell” rating in a report on Friday, July 31st. Zacks Research upgraded Quanta Services from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. Finally, BTIG Research downgraded Quanta Services to a “hold” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $763.31.

Get Our Latest Stock Report on PWR

About Quanta Services

(Free Report)

Quanta Services, Inc. provides specialized contracting and infrastructure services to the electric power, energy and communications industries. Its work spans the planning, design, construction, repair and maintenance of essential infrastructure. The company’s services include electric transmission and distribution lines, substations, renewable energy facilities, natural gas and pipeline systems, and communications networks. Quanta supports projects across the infrastructure lifecycle, from initial development and construction to ongoing upgrades and maintenance.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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