Toroso Investments LLC Has $956,000 Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Toroso Investments LLC boosted its stake in Quanta Services, Inc. (NYSE:PWR) by 16.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,737 shares of the construction company’s stock after purchasing an additional 821 shares during the quarter. Toroso Investments LLC’s holdings in Quanta Services were worth $956,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Quanta Services in the fourth quarter valued at $180,853,000. FMR LLC boosted its holdings in Quanta Services by 19.7% in the 1st quarter. FMR LLC now owns 4,905,283 shares of the construction company’s stock worth $817,416,000 after buying an additional 806,157 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of Quanta Services during the first quarter worth about $118,223,000. Royal Bank of Canada raised its position in Quanta Services by 52.2% during the first quarter. Royal Bank of Canada now owns 1,492,323 shares of the construction company’s stock valued at $196,405,000 after purchasing an additional 511,508 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Quanta Services by 9.0% during the fourth quarter. JPMorgan Chase & Co. now owns 6,055,835 shares of the construction company’s stock valued at $862,956,000 after acquiring an additional 501,131 shares during the last quarter. 87.86% of the stock is owned by institutional investors and hedge funds.

Quanta Services Trading Down 0.8 %

NYSE:PWR opened at $197.70 on Tuesday. The firm has a fifty day simple moving average of $203.30 and a 200-day simple moving average of $183.49. The company has a current ratio of 1.68, a quick ratio of 1.64 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $28.71 billion, a P/E ratio of 50.43 and a beta of 1.08. Quanta Services, Inc. has a 12 month low of $123.25 and a 12 month high of $212.82.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.06). The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $4.69 billion. Quanta Services had a net margin of 3.16% and a return on equity of 15.48%. On average, equities research analysts anticipate that Quanta Services, Inc. will post 6.47 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Friday, September 29th. Quanta Services’s payout ratio is 8.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PWR. UBS Group increased their price objective on Quanta Services from $195.00 to $228.00 in a research note on Monday, July 10th. DA Davidson boosted their price objective on shares of Quanta Services from $170.00 to $190.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Robert W. Baird reiterated an “outperform” rating and set a $219.00 target price on shares of Quanta Services in a report on Thursday, September 14th. Citigroup boosted their price target on Quanta Services from $192.00 to $234.00 and gave the company a “buy” rating in a report on Monday, July 24th. Finally, Northland Securities increased their price objective on Quanta Services from $190.00 to $210.00 in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $205.27.

Insider Buying and Selling at Quanta Services

In other Quanta Services news, EVP Donald Wayne sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $210.92, for a total transaction of $1,054,600.00. Following the completion of the sale, the executive vice president now directly owns 41,323 shares in the company, valued at approximately $8,715,847.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

About Quanta Services

Quanta Services, Inc provides infrastructure solutions for the electric and gas utility, renewable energy, communications, and pipeline and energy industries worldwide. 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.