2,728 Shares in Quanta Services, Inc. (NYSE:PWR) Acquired by Teza Capital Management LLC

Teza Capital Management LLC bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,728 shares of the construction company’s stock, valued at approximately $862,000.

A number of other large investors have also recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in Quanta Services by 319.6% in the fourth quarter. Tidal Investments LLC now owns 78,799 shares of the construction company’s stock valued at $24,897,000 after purchasing an additional 60,020 shares in the last quarter. State of Wyoming boosted its holdings in Quanta Services by 60,150.0% in the fourth quarter. State of Wyoming now owns 1,205 shares of the construction company’s stock valued at $381,000 after purchasing an additional 1,203 shares in the last quarter. Tema Etfs LLC acquired a new position in Quanta Services in the fourth quarter valued at approximately $655,000. Toronto Dominion Bank boosted its holdings in shares of Quanta Services by 101.8% in the fourth quarter. Toronto Dominion Bank now owns 102,773 shares of the construction company’s stock valued at $32,481,000 after acquiring an additional 51,836 shares during the period. Finally, Snowden Capital Advisors LLC boosted its holdings in shares of Quanta Services by 39.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 5,365 shares of the construction company’s stock valued at $1,696,000 after acquiring an additional 1,522 shares during the period. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PWR has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. The Goldman Sachs Group decreased their price target on Quanta Services from $418.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, April 24th. DA Davidson increased their price target on Quanta Services from $295.00 to $305.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. 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 target for the company. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $344.35.

Quanta Services Trading Down 0.1%

Shares of PWR stock opened at $344.54 on Tuesday. 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 $51.08 billion, a P/E ratio of 57.14, a P/E/G ratio of 1.41 and a beta of 1.02. The business has a fifty day simple moving average of $283.12 and a 200-day simple moving average of $301.96. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR) last announced its quarterly earnings results 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 return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter last year, the business posted $1.41 earnings per share. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, April 3rd. Quanta Services’s dividend payout ratio is presently 6.45%.

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.