Quanta Services, Inc. (NYSE:PWR) Stock Holdings Lifted by Princeton Capital Management LLC

Princeton Capital Management LLC boosted its holdings in Quanta Services, Inc. (NYSE:PWR) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,619 shares of the construction company’s stock after purchasing an additional 128 shares during the quarter. Quanta Services makes up 2.4% of Princeton Capital Management LLC’s portfolio, making the stock its 8th largest position. Princeton Capital Management LLC’s holdings in Quanta Services were worth $7,781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Quanta Services during the 4th quarter valued at approximately $203,068,000. Alkeon Capital Management LLC grew its holdings in Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after buying an additional 250,000 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Quanta Services in the fourth quarter worth $53,949,000. Vanguard Group Inc. boosted its position in shares of Quanta Services by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company’s stock worth $5,375,828,000 after acquiring an additional 161,277 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Quanta Services during the fourth quarter valued at $46,364,000. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

Shares of PWR stock opened at $279.21 on Tuesday. The stock has a 50 day moving average price of $288.60 and a 200 day moving average price of $304.81. The firm has a market capitalization of $41.38 billion, a P/E ratio of 46.30, a P/E/G ratio of 1.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88.

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

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services’s dividend payout ratio (DPR) is presently 6.63%.

Analysts Set New Price Targets

PWR has been the topic of several research reports. Roth Mkm initiated coverage on Quanta Services in a report on Friday, February 21st. They issued a “buy” rating and a $350.00 target price on the stock. Stifel Nicolaus lowered their target price on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted 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. Guggenheim began coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating for the company. Finally, Roth Capital upgraded shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price 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.