Quanta Services, Inc. (NYSE:PWR) Shares Acquired by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,154 shares of the construction company’s stock after acquiring an additional 64 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Quanta Services were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PWR. Centaurus Financial Inc. raised its stake in shares of Quanta Services by 35.1% during the 3rd quarter. Centaurus Financial Inc. now owns 1,488 shares of the construction company’s stock worth $444,000 after buying an additional 387 shares during the period. Fisher Asset Management LLC acquired a new position in Quanta Services during the third quarter worth $211,000. DRW Securities LLC purchased a new position in Quanta Services during the third quarter valued at $481,000. Horizon Kinetics Asset Management LLC acquired a new stake in shares of Quanta Services in the third quarter valued at about $268,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Quanta Services during the third quarter worth about $125,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Stock Down 5.7 %

Shares of NYSE PWR opened at $260.45 on Thursday. 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 business’s 50 day moving average is $286.36 and its two-hundred day moving average is $304.69. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The firm has a market cap of $38.60 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) 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 the consensus estimate of $6.61 billion. Research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services’s payout ratio is currently 6.63%.

Wall Street Analyst Weigh In

PWR has been the topic of several research analyst reports. Roth Capital upgraded Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Guggenheim began coverage on Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating for the company. Stifel Nicolaus lowered their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Finally, Daiwa Capital Markets lowered shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.