Jump Financial LLC Purchases Shares of 10,921 Quanta Services, Inc. (NYSE:PWR)

Jump Financial LLC bought a new stake in Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 10,921 shares of the construction company’s stock, valued at approximately $3,452,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Webster Bank N. A. raised its position in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC bought a new position in shares of Quanta Services in the fourth quarter valued at $27,000. Sound Income Strategies LLC grew its holdings in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. Centricity Wealth Management LLC bought a new stake in shares of Quanta Services during the fourth quarter worth about $34,000. Finally, Versant Capital Management Inc raised its holdings in shares of Quanta Services by 62.5% in the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Quanta Services Price Performance

NYSE PWR opened at $267.47 on Friday. The company has a market cap of $39.64 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $264.26 and its two-hundred day simple moving average is $301.78. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $365.88.

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

Quanta Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.15%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services’s dividend payout ratio is presently 6.63%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PWR. Bank of America started coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 price target for the company. Daiwa America raised Quanta Services from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. Stifel Nicolaus lowered their price target on Quanta Services from $323.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Roth Mkm initiated coverage on shares of Quanta Services in a report on Friday, February 21st. They set a “buy” rating and a $350.00 price objective on the stock. Finally, Guggenheim assumed coverage on shares of Quanta Services in a research report on Wednesday, January 8th. They set a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $319.25.

Quanta Services Company 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.