Quanta Services, Inc. (NYSE:PWR) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in Quanta Services, Inc. (NYSE:PWRGet Rating) by 243.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,138 shares of the construction company’s stock after purchasing an additional 175,859 shares during the period. Victory Capital Management Inc. owned approximately 0.17% of Quanta Services worth $31,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ronald Blue Trust Inc. acquired a new stake in shares of Quanta Services in the second quarter valued at about $28,000. Atwood & Palmer Inc. lifted its stake in shares of Quanta Services by 116.0% in the second quarter. Atwood & Palmer Inc. now owns 270 shares of the construction company’s stock valued at $34,000 after purchasing an additional 145 shares during the period. Hallmark Capital Management Inc. acquired a new stake in shares of Quanta Services in the second quarter valued at about $35,000. Clear Street Markets LLC lifted its stake in shares of Quanta Services by 417.2% in the second quarter. Clear Street Markets LLC now owns 300 shares of the construction company’s stock valued at $38,000 after purchasing an additional 242 shares during the period. Finally, CX Institutional acquired a new stake in shares of Quanta Services in the second quarter valued at about $39,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PWR shares. Citigroup raised their target price on shares of Quanta Services from $161.00 to $175.00 and gave the company a “buy” rating in a report on Friday, December 9th. Cowen raised their target price on shares of Quanta Services from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, December 27th. StockNews.com started coverage on shares of Quanta Services in a report on Wednesday, October 12th. They set a “hold” rating for the company. KeyCorp raised their target price on shares of Quanta Services from $156.00 to $174.00 in a report on Tuesday, November 8th. Finally, Credit Suisse Group raised their target price on shares of Quanta Services from $168.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, November 4th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.92.

Quanta Services Price Performance

Quanta Services stock opened at $146.24 on Monday. Quanta Services, Inc. has a 1 year low of $93.91 and a 1 year high of $155.00. The firm has a 50 day moving average price of $145.49 and a 200 day moving average price of $140.08. The company has a market cap of $20.90 billion, a price-to-earnings ratio of 49.91 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 (NYSE:PWRGet Rating) last released its earnings results on Thursday, November 3rd. The construction company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.01). Quanta Services had a net margin of 2.61% and a return on equity of 16.35%. The company had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Sell-side analysts predict that Quanta Services, Inc. will post 5.77 earnings per share for the current year.

Quanta Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Tuesday, January 3rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.22%. This is a boost from Quanta Services’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, December 30th. Quanta Services’s payout ratio is 10.92%.

Quanta Services Profile

(Get Rating)

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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