4,020 Quanta Services, Inc. $PWR Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. increased its stake in Quanta Services, Inc. (NYSE:PWR) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,261 shares of the construction company’s stock after buying an additional 4,020 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Quanta Services were worth $27,828,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PWR. State Street Corp grew its holdings in Quanta Services by 4.7% during the 2nd quarter. State Street Corp now owns 6,581,807 shares of the construction company’s stock worth $4,739,164,000 after acquiring an additional 296,893 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Quanta Services by 3,657.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 221,485 shares of the construction company’s stock worth $121,600,000 after purchasing an additional 215,591 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of Quanta Services by 731.3% in the 2nd quarter. Corient Private Wealth LP now owns 210,091 shares of the construction company’s stock valued at $151,273,000 after purchasing an additional 184,819 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Quanta Services by 5.4% in the 1st 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 purchasing an additional 175,184 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Quanta Services by 18.3% in the 1st quarter. First Trust Advisors LP now owns 1,003,917 shares of the construction company’s stock valued at $551,170,000 after purchasing an additional 155,529 shares in the last quarter. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Down 0.8%

Shares of NYSE:PWR opened at $601.48 on Friday. The stock has a market capitalization of $90.63 billion, a price-to-earnings ratio of 54.48, a price-to-earnings-growth ratio of 1.55 and a beta of 1.29. Quanta Services, Inc. has a 1-year low of $408.36 and a 1-year high of $788.75. The company’s fifty day moving average is $627.61 and its two-hundred day moving average is $629.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.13 and a current ratio of 1.16.

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

Quanta Services Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on PWR shares. Piper Sandler decreased their price target on Quanta Services from $714.00 to $701.00 and set an “overweight” rating for the company in a research note on Monday, November 9th. UBS Group reissued a “buy” rating on shares of Quanta Services in a report on Monday, August 17th. TD Cowen upped their price objective on Quanta Services from $785.00 to $830.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Raymond James Financial set a $830.00 target price on Quanta Services in a report on Thursday, October 29th. Finally, Morgan Stanley lowered Quanta Services to an “underweight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $763.31.

Quanta Services Company Profile

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.