Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 64,045 shares of the construction company’s stock after buying an additional 4,322 shares during the period. Royal London Asset Management Ltd.’s holdings in Quanta Services were worth $20,241,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Webster Bank N. A. grew its position 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 last quarter. Sierra Ocean LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $31,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC boosted its position in Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after acquiring an additional 91 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR stock opened at $268.43 on Friday. The company’s fifty day simple moving average is $289.30 and its 200-day simple moving average is $303.94. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market cap of $39.78 billion, a PE ratio of 44.52, a P/E/G ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.15%. Quanta Services’s dividend payout ratio is currently 6.63%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PWR. Guggenheim began coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating on the stock. Daiwa Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $338.00 to $316.00 in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Daiwa America downgraded shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.79.

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.