Quanta Services, Inc. (NYSE:PWR) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 674 shares of the construction company’s stock after purchasing an additional 85 shares during the period. DT Investment Partners LLC’s holdings in Quanta Services were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Webster Bank N. A. raised its holdings in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after acquiring an additional 81 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of Quanta Services during the third quarter worth approximately $30,000. Legacy Investment Solutions LLC acquired a new position in Quanta Services in the 3rd quarter valued at $31,000. Sound Income Strategies LLC lifted its holdings in Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock valued at $33,000 after purchasing an additional 91 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Price Performance

Quanta Services stock opened at $290.94 on Friday. The company’s 50 day simple moving average is $322.55 and its 200-day simple moving average is $303.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. Quanta Services, Inc. has a 1 year low of $206.58 and a 1 year high of $365.88. The company has a market capitalization of $42.95 billion, a price-to-earnings ratio of 53.68, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services’s payout ratio is presently 7.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PWR shares. Bank of America initiated coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. Guggenheim initiated coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a “neutral” rating on the stock. Robert W. Baird boosted their target price on Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. UBS Group increased their price target on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted their price objective on Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

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.