Quanta Services, Inc. (NYSE:PWR) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 468.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,669 shares of the construction company’s stock after acquiring an additional 19,506 shares during the period. Siemens Fonds Invest GmbH’s holdings in Quanta Services were worth $7,481,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Miracle Mile Advisors LLC purchased a new position in shares of Quanta Services during the 4th quarter valued at approximately $203,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at about $598,000. Fifth Third Wealth Advisors LLC raised its position in shares of Quanta Services by 38.8% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,631 shares of the construction company’s stock worth $515,000 after purchasing an additional 456 shares during the last quarter. Rockland Trust Co. acquired a new stake in Quanta Services in the 4th quarter worth about $256,000. Finally, Kathmere Capital Management LLC raised its holdings in shares of Quanta Services by 14.3% during the fourth quarter. Kathmere Capital Management LLC now owns 918 shares of the construction company’s stock valued at $290,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

PWR has been the topic of a number of research analyst reports. TD Cowen lifted their price target on Quanta Services from $335.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Daiwa Capital Markets cut shares of Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Daiwa America raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Bank of America started coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price target on the stock. Finally, Citigroup dropped their price objective on shares of Quanta Services from $366.00 to $342.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $344.35.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $340.24 on Friday. The stock has a market capitalization of $50.45 billion, a P/E ratio of 56.42, a PEG ratio of 1.41 and a beta of 1.02. 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, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The business’s fifty day moving average price is $279.25 and its 200 day moving average price is $301.53.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. As a group, research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. Quanta Services’s payout ratio is presently 6.45%.

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.