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

Yousif Capital Management LLC increased its position in shares of Quanta Services, Inc. (NYSE:PWR) by 9.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 20,838 shares of the construction company’s stock after purchasing an additional 1,854 shares during the quarter. Yousif Capital Management LLC’s holdings in Quanta Services were worth $6,586,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PWR. Alkeon Capital Management LLC increased its holdings in Quanta Services by 62.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after purchasing an additional 250,000 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Quanta Services during the fourth quarter worth $46,364,000. International Assets Investment Management LLC raised its holdings in shares of Quanta Services by 29,655.3% in the 3rd quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock valued at $44,269,000 after buying an additional 147,980 shares during the period. Public Sector Pension Investment Board lifted its stake in Quanta Services by 81.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock worth $83,210,000 after acquiring an additional 125,530 shares in the last quarter. Finally, Meitav Investment House Ltd. purchased a new position in Quanta Services during the 3rd quarter valued at about $27,430,000. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target 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. Truist Financial decreased their price target on shares of Quanta Services from $399.00 to $398.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Bank of America began coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective on the stock. BMO Capital Markets started coverage on Quanta Services in a research note on Monday. They set an “outperform” rating and a $338.00 target price for the company. Finally, Daiwa Capital Markets started coverage on Quanta Services in a research report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $330.50.

Quanta Services Price Performance

Shares of PWR opened at $310.81 on Friday. The firm has a fifty day moving average price of $325.27 and a 200 day moving average price of $302.28. The stock has a market cap of $45.88 billion, a PE ratio of 57.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. Quanta Services, Inc. has a 1-year low of $205.82 and a 1-year high of $365.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio (DPR) is currently 7.38%.

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.