Quanta Services, Inc. (NYSE:PWR) is Princeton Capital Management LLC’s 8th Largest Position

Princeton Capital Management LLC grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 24,619 shares of the construction company’s stock after acquiring an additional 128 shares during the period. Quanta Services comprises about 2.4% of Princeton Capital Management LLC’s holdings, making the stock its 8th largest holding. Princeton Capital Management LLC’s holdings in Quanta Services were worth $7,781,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. grew its stake in Quanta Services by 4,050.0% in 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 stake in shares of Quanta Services during the 4th quarter valued at $27,000. Prestige Wealth Management Group LLC purchased a new stake in shares of Quanta Services in the 3rd quarter worth about $30,000. Legacy Investment Solutions LLC bought a new position in shares of Quanta Services in the 3rd quarter worth about $31,000. Finally, Sound Income Strategies LLC lifted its position in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after acquiring an additional 91 shares during the period. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup cut their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. 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 objective for the company. B. Riley reissued a “neutral” rating and issued a $300.00 target price (down from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Finally, Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $326.79.

Quanta Services Price Performance

NYSE PWR opened at $279.21 on Tuesday. The company has a 50-day moving average price of $288.60 and a 200-day moving average price of $304.81. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88. 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 has a market capitalization of $41.38 billion, a P/E ratio of 46.30, a PEG ratio of 1.41 and a beta of 1.10.

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

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.14%. The ex-dividend date 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.