F M Investments LLC Buys 2,223 Shares of Quanta Services, Inc. (NYSE:PWR)

F M Investments LLC grew its holdings in Quanta Services, Inc. (NYSE:PWR) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,384 shares of the construction company’s stock after purchasing an additional 2,223 shares during the quarter. F M Investments LLC’s holdings in Quanta Services were worth $8,971,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Quanta Services in the 4th quarter worth about $544,937,000. Raymond James Financial Inc. acquired a new position in shares of Quanta Services during the 4th quarter worth about $203,068,000. Proficio Capital Partners LLC acquired a new stake in Quanta Services in the fourth quarter worth $53,949,000. Vanguard Group Inc. lifted its holdings in shares of Quanta Services by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company’s stock valued at $5,375,828,000 after purchasing an additional 161,277 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Quanta Services during the fourth quarter worth $46,364,000. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PWR shares. Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Stifel Nicolaus decreased their price objective on Quanta Services from $323.00 to $287.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial cut their target price on Quanta Services from $398.00 to $324.00 and set a “buy” rating for the company in a research report on Tuesday. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Finally, Roth Mkm began coverage on Quanta Services in a research note on Friday, February 21st. They set a “buy” rating and a $350.00 price target on the stock. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.25.

Quanta Services Trading Up 10.1 %

Quanta Services stock opened at $269.86 on Thursday. Quanta Services, Inc. has a 12-month low of $227.08 and a 12-month high of $365.88. The firm has a market capitalization of $39.99 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 1.41 and a beta of 1.04. The firm has a 50 day moving average of $268.59 and a 200 day moving average of $302.97. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

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

Quanta Services Announces Dividend

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

Quanta Services Profile

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.