Ossiam Purchases 45 Shares of Quanta Services, Inc. (NYSE:PWR)

Ossiam raised its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 787 shares of the construction company’s stock after acquiring an additional 45 shares during the quarter. Ossiam’s holdings in Quanta Services were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PWR. Webster Bank N. A. raised its position in shares of Quanta Services by 4,050.0% in the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock valued at $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC bought a new stake in Quanta Services during the 4th quarter valued at $27,000. Sound Income Strategies LLC lifted its position in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after acquiring an additional 91 shares in the last quarter. Centricity Wealth Management LLC bought a new position in shares of Quanta Services in the fourth quarter worth $34,000. Finally, Versant Capital Management Inc grew its position in shares of Quanta Services by 62.5% in the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PWR. Stifel Nicolaus cut their target price on Quanta Services from $323.00 to $287.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Truist Financial reduced their price objective on shares of Quanta Services from $398.00 to $324.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. B. Riley restated a “neutral” rating and set a $300.00 price target (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Finally, Guggenheim initiated coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and an average price target of $319.25.

Quanta Services Trading Up 3.2 %

NYSE PWR opened at $261.88 on Wednesday. The firm has a market cap of $38.83 billion, a PE ratio of 43.43, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $365.88. The stock has a 50-day moving average of $262.09 and a 200-day moving average of $300.98. 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 (NYSE:PWR) last issued its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. As a group, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were issued a dividend of $0.10 per share. 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 0.15%. Quanta Services’s dividend payout ratio is presently 6.63%.

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.