Texas Permanent School Fund Boosts Holdings in Quanta Services, Inc. (NYSE:PWR)

Texas Permanent School Fund lifted its stake in shares of Quanta Services, Inc. (NYSE:PWRGet Rating) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,981 shares of the construction company’s stock after purchasing an additional 498 shares during the period. Texas Permanent School Fund’s holdings in Quanta Services were worth $2,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PWR. Kestra Advisory Services LLC lifted its position in shares of Quanta Services by 21.7% in the first quarter. Kestra Advisory Services LLC now owns 6,515 shares of the construction company’s stock valued at $857,000 after acquiring an additional 1,160 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Quanta Services by 4.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 104,112 shares of the construction company’s stock valued at $13,702,000 after purchasing an additional 4,561 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Quanta Services during the 1st quarter worth $49,000. TownSquare Capital LLC grew its holdings in shares of Quanta Services by 30.7% during the first quarter. TownSquare Capital LLC now owns 2,752 shares of the construction company’s stock worth $362,000 after buying an additional 647 shares in the last quarter. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Quanta Services in the first quarter valued at about $59,000. Institutional investors and hedge funds own 91.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Quanta Services from $145.00 to $152.00 in a research note on Friday, July 22nd. StockNews.com started coverage on Quanta Services in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen upped their target price on Quanta Services from $145.00 to $155.00 in a report on Thursday, August 11th. DA Davidson boosted their price target on shares of Quanta Services to $125.00 in a research report on Tuesday, August 9th. Finally, Credit Suisse Group raised their price objective on shares of Quanta Services from $168.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, November 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.17.

Quanta Services Stock Down 1.6 %

Quanta Services stock opened at $142.19 on Tuesday. The company has a market capitalization of $20.32 billion, a PE ratio of 48.53 and a beta of 1.10. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.57 and a current ratio of 1.60. Quanta Services, Inc. has a fifty-two week low of $93.91 and a fifty-two week high of $149.79. The firm has a 50 day moving average price of $136.92 and a 200 day moving average price of $131.36.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Monday, October 3rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.20%. The ex-dividend date was Friday, September 30th. Quanta Services’s payout ratio is 9.56%.

About Quanta Services

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Quanta Services, Inc provides specialty contracting services worldwide. The 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; energized 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.

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

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