State of Wyoming Acquires 1,203 Shares of Quanta Services, Inc. (NYSE:PWR)

State of Wyoming lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 60,150.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,205 shares of the construction company’s stock after acquiring an additional 1,203 shares during the quarter. State of Wyoming’s holdings in Quanta Services were worth $381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Transatlantique SA bought a new position in shares of Quanta Services during the 4th quarter worth approximately $25,000. Webster Bank N. A. boosted its stake in Quanta Services by 4,050.0% in the 4th 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. Quarry LP bought a new stake in Quanta Services in the 4th quarter valued at $26,000. Sierra Ocean LLC bought a new stake in Quanta Services in the 4th quarter valued at $27,000. Finally, Sound Income Strategies LLC boosted its stake 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 during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Quanta Services stock opened at $344.76 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $365.88. The stock has a market capitalization of $51.12 billion, a P/E ratio of 57.17, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The stock has a fifty day moving average of $285.00 and a 200-day moving average of $302.26.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, topping 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 company had revenue of $6.23 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Quanta Services’s revenue was up 23.9% on a year-over-year basis. On average, sell-side analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders 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 dividend yield of 0.12%. Quanta Services’s dividend payout ratio (DPR) is currently 6.45%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PWR. The Goldman Sachs Group reduced their price target on Quanta Services from $418.00 to $364.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Stifel Nicolaus boosted their price target on Quanta Services from $306.00 to $363.00 and gave the company a “buy” rating in a research note on Monday, May 5th. DA Davidson boosted their price target on Quanta Services from $295.00 to $305.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Finally, Bank of America began coverage on Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $344.35.

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.