Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC lifted its stake in Quanta Services, Inc. (NYSE:PWR) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,385 shares of the construction company’s stock after purchasing an additional 312 shares during the period. Vident Advisory LLC’s holdings in Quanta Services were worth $1,070,000 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. Banque Transatlantique SA acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $25,000. Quarry LP acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $26,000. Webster Bank N. A. lifted its stake in shares of Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $27,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Quanta Services by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

PWR opened at $335.42 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $365.88. The company has a 50 day moving average of $289.31 and a two-hundred day moving average of $302.86. The company has a market cap of $49.73 billion, a P/E ratio of 55.63, a P/E/G ratio of 1.41 and a beta of 1.02.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $5.88 billion. During the same period in the previous year, the firm earned $1.41 earnings per share. Quanta Services’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 0.12%. Quanta Services’s dividend payout ratio is currently 6.45%.

Analyst Ratings Changes

A number of brokerages have issued reports on PWR. Citigroup cut their target price on shares of Quanta Services from $366.00 to $342.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Argus set a $375.00 target price on shares of Quanta Services in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Evercore ISI lifted their target price on shares of Quanta Services from $331.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group cut their target price on shares of Quanta Services from $418.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $344.35.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries in the United States, Canada, Australia, and internationally. The company’s 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; 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.