Nisa Investment Advisors LLC Acquires 360 Shares of Quanta Services, Inc. (NYSE:PWR)

Nisa Investment Advisors LLC raised its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 0.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,966 shares of the construction company’s stock after acquiring an additional 360 shares during the period. Nisa Investment Advisors LLC’s holdings in Quanta Services were worth $12,947,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its position in Quanta Services by 13.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,704 shares of the construction company’s stock worth $433,000 after purchasing an additional 200 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Quanta Services by 0.9% in the second quarter. Pacer Advisors Inc. now owns 11,378 shares of the construction company’s stock worth $2,891,000 after acquiring an additional 102 shares during the period. Evergreen Capital Management LLC increased its position in Quanta Services by 4.8% during the second quarter. Evergreen Capital Management LLC now owns 1,603 shares of the construction company’s stock valued at $407,000 after acquiring an additional 74 shares during the last quarter. AXA S.A. boosted its position in Quanta Services by 5.9% in the second quarter. AXA S.A. now owns 83,358 shares of the construction company’s stock worth $21,180,000 after purchasing an additional 4,659 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Quanta Services by 236.6% during the 2nd quarter. APG Asset Management N.V. now owns 17,401 shares of the construction company’s stock valued at $4,125,000 after purchasing an additional 12,231 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

PWR stock opened at $354.52 on Friday. The company has a market capitalization of $52.33 billion, a PE ratio of 65.41 and a beta of 1.06. The company’s fifty day moving average price is $330.71 and its 200-day moving average price is $298.51. Quanta Services, Inc. has a one year low of $192.62 and a one year high of $365.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.46 by $0.26. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The business had revenue of $6.49 billion during the quarter, compared to the consensus estimate of $6.56 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. The business’s revenue was up 15.5% on a year-over-year basis. On average, equities analysts anticipate that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.11%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, January 2nd. Quanta Services’s dividend payout ratio is 7.38%.

Wall Street Analyst Weigh In

PWR has been the topic of several recent research reports. Daiwa Capital Markets started coverage on shares of Quanta Services in a research note on Friday, December 6th. They issued an “outperform” rating and a $355.00 price objective on the stock. Northland Securities reiterated an “outperform” rating and set a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Stifel Nicolaus upped their price objective on Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group lifted their target price on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upped their price target on Quanta Services from $348.00 to $394.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $325.06.

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.