6,931 Shares in Quanta Services, Inc. (NYSE:PWR) Acquired by Vivid Wealth Management LLC

Vivid Wealth Management LLC purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,931 shares of the construction company’s stock, valued at approximately $2,191,000.

A number of other large investors have also made changes to their positions in PWR. Lord & Richards Wealth Management LLC acquired a new position in shares of Quanta Services in the 4th quarter valued at $550,000. Myriad Asset Management US LP acquired a new position in shares of Quanta Services in the 4th quarter valued at $1,283,000. Quaero Capital S.A. increased its position in shares of Quanta Services by 198.2% in the 4th quarter. Quaero Capital S.A. now owns 7,128 shares of the construction company’s stock valued at $2,253,000 after acquiring an additional 4,738 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Quanta Services by 22.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 3,261 shares of the construction company’s stock valued at $1,031,000 after acquiring an additional 605 shares during the period. Finally, Banque Pictet & Cie SA increased its position in shares of Quanta Services by 5.4% in the 4th quarter. Banque Pictet & Cie SA now owns 13,350 shares of the construction company’s stock valued at $4,219,000 after acquiring an additional 680 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

NYSE:PWR opened at $285.13 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market capitalization of $42.09 billion, a P/E ratio of 52.61, a PEG ratio of 1.56 and a beta of 1.05. The company has a 50 day moving average price of $320.72 and a 200 day moving average price of $304.05. Quanta Services, Inc. has a fifty-two week low of $206.58 and a fifty-two week high of $365.88.

Quanta Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup cut their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. UBS Group upped their price target on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Northland Securities reaffirmed an “outperform” rating and issued a $328.00 price target (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Bank of America started coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Quanta Services presently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

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.