Czech National Bank grew its holdings in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,319 shares of the construction company’s stock after purchasing an additional 1,475 shares during the period. Czech National Bank’s holdings in Quanta Services were worth $16,595,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Lee Johnson Capital Management LLC grew its position in shares of Quanta Services by 288.3% during the 4th quarter. Lee Johnson Capital Management LLC now owns 8,006 shares of the construction company’s stock valued at $3,379,000 after buying an additional 5,944 shares during the last quarter. SG Americas Securities LLC raised its stake in Quanta Services by 1,121.0% during the fourth quarter. SG Americas Securities LLC now owns 74,295 shares of the construction company’s stock worth $31,357,000 after acquiring an additional 68,210 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Quanta Services by 1.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,208 shares of the construction company’s stock worth $2,198,000 after acquiring an additional 97 shares during the last quarter. Diversified Trust Co. boosted its stake in Quanta Services by 22.7% in the fourth quarter. Diversified Trust Co. now owns 6,717 shares of the construction company’s stock valued at $2,835,000 after acquiring an additional 1,244 shares during the period. Finally, 180 Wealth Advisors LLC grew its holdings in shares of Quanta Services by 19.3% during the fourth quarter. 180 Wealth Advisors LLC now owns 2,245 shares of the construction company’s stock valued at $947,000 after purchasing an additional 363 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.
Quanta Services Stock Down 4.9%
PWR opened at $545.27 on Friday. The stock’s 50 day moving average price is $528.41 and its 200 day moving average price is $464.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.14 and a quick ratio of 1.09. The stock has a market cap of $81.58 billion, a P/E ratio of 80.19, a P/E/G ratio of 2.61 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $583.73.
Quanta Services Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Thursday, April 2nd will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, April 2nd. Quanta Services’s dividend payout ratio is currently 6.47%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Sanford C. Bernstein raised their price target on Quanta Services from $471.00 to $515.00 and gave the stock a “market perform” rating in a report on Tuesday, February 24th. Evercore restated an “outperform” rating and set a $604.00 price objective on shares of Quanta Services in a research note on Friday, February 20th. Mizuho increased their target price on Quanta Services from $424.00 to $537.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Robert W. Baird raised their target price on Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $515.00 to $627.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $576.55.
Read Our Latest Analysis on Quanta Services
Quanta Services Company Profile
Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.
In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.
Further Reading
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