SMART Wealth LLC Invests $494,000 in Quanta Services, Inc. (NYSE:PWR)

SMART Wealth LLC purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,564 shares of the construction company’s stock, valued at approximately $494,000.

Other large investors have also added to or reduced their stakes in the company. Alkeon Capital Management LLC boosted its position in shares of Quanta Services by 62.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after purchasing an additional 250,000 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Quanta Services in the fourth quarter valued at about $46,364,000. International Assets Investment Management LLC boosted its holdings in shares of Quanta Services by 29,655.3% in the third quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock worth $44,269,000 after buying an additional 147,980 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Quanta Services by 81.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after acquiring an additional 125,530 shares during the period. Finally, Meitav Investment House Ltd. purchased a new stake in Quanta Services in the third quarter worth about $27,430,000. Institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PWR. Daiwa America raised Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. TD Cowen lifted their price target on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 target price for the company. JPMorgan Chase & Co. increased their target price on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Citigroup lowered their price target on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and an average target price of $330.50.

Quanta Services Stock Performance

Quanta Services stock opened at $310.81 on Friday. Quanta Services, Inc. has a one year low of $205.82 and a one year high of $365.88. The firm has a market capitalization of $45.88 billion, a PE ratio of 57.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The stock’s 50 day moving average price is $325.27 and its 200 day moving average price is $302.28.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s payout ratio is 7.38%.

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.