Knights of Columbus Asset Advisors LLC Boosts Stock Position in Quanta Services, Inc. (NYSE:PWR)

Knights of Columbus Asset Advisors LLC grew its stake in Quanta Services, Inc. (NYSE:PWR) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,467 shares of the construction company’s stock after purchasing an additional 41 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Quanta Services were worth $4,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. AXQ Capital LP acquired a new position in Quanta Services in the fourth quarter valued at approximately $215,000. Vestor Capital LLC lifted its holdings in Quanta Services by 22,640.7% in the fourth quarter. Vestor Capital LLC now owns 32,974 shares of the construction company’s stock valued at $10,421,000 after acquiring an additional 32,829 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in Quanta Services by 46.4% in the fourth quarter. Mizuho Securities USA LLC now owns 13,990 shares of the construction company’s stock valued at $4,422,000 after acquiring an additional 4,436 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Quanta Services by 181.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 186 shares of the construction company’s stock valued at $59,000 after acquiring an additional 120 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in Quanta Services by 846.6% in the fourth quarter. HUB Investment Partners LLC now owns 24,156 shares of the construction company’s stock valued at $7,635,000 after acquiring an additional 21,604 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PWR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped 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. Bank of America began coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 price target on the stock. Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their price target on Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Seven 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.79.

Quanta Services Stock Performance

NYSE:PWR opened at $268.43 on Friday. The business’s fifty day moving average price is $289.30 and its 200 day moving average price is $303.94. The firm has a market capitalization of $39.78 billion, a PE ratio of 44.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders 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 dividend yield of 0.15%. Quanta Services’s dividend payout ratio (DPR) is 6.63%.

Quanta Services Company 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.