Norinchukin Bank The Buys 233 Shares of Quanta Services, Inc. (NYSE:PWR)

Norinchukin Bank The increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,872 shares of the construction company’s stock after buying an additional 233 shares during the quarter. Norinchukin Bank The’s holdings in Quanta Services were worth $1,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Quanta Services in the fourth quarter valued at about $544,937,000. Capital World Investors grew its position in Quanta Services by 14.1% in the 4th quarter. Capital World Investors now owns 7,223,471 shares of the construction company’s stock worth $2,282,978,000 after purchasing an additional 891,977 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Quanta Services in the 4th quarter valued at about $203,068,000. First Trust Advisors LP boosted its stake in shares of Quanta Services by 54.1% in the 4th quarter. First Trust Advisors LP now owns 725,453 shares of the construction company’s stock worth $229,279,000 after buying an additional 254,640 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Quanta Services in the fourth quarter valued at approximately $53,949,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Down 0.7 %

Quanta Services stock opened at $267.47 on Monday. 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 fifty-two week low of $227.08 and a fifty-two week high of $365.88. The stock has a market cap of $39.64 billion, a P/E ratio of 44.36, a PEG ratio of 1.41 and a beta of 1.04. The firm’s fifty day moving average price is $263.56 and its 200-day moving average price is $301.62.

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

Quanta Services Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PWR shares. Guggenheim assumed coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Stifel Nicolaus reduced their price target on shares of Quanta Services from $323.00 to $287.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective 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. Citigroup decreased their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Bank of America began coverage on Quanta Services in a report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective for the company. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company 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.