Diversified LLC Has $371,000 Stake in Quanta Services, Inc. (NYSE:PWR)

Diversified LLC boosted its position in Quanta Services, Inc. (NYSE:PWR) by 13.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,246 shares of the construction company’s stock after buying an additional 147 shares during the period. Diversified LLC’s holdings in Quanta Services were worth $371,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PWR. EntryPoint Capital LLC acquired a new position in shares of Quanta Services during the first quarter valued at about $25,000. Quadrature Capital Ltd acquired a new position in shares of Quanta Services during the first quarter valued at about $1,128,000. LRI Investments LLC acquired a new position in shares of Quanta Services during the first quarter valued at about $80,000. Lazard Asset Management LLC raised its holdings in shares of Quanta Services by 71,012.5% during the first quarter. Lazard Asset Management LLC now owns 5,689 shares of the construction company’s stock valued at $1,478,000 after purchasing an additional 5,681 shares during the period. Finally, BOKF NA raised its holdings in shares of Quanta Services by 25.4% during the first quarter. BOKF NA now owns 3,505 shares of the construction company’s stock valued at $909,000 after purchasing an additional 709 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Up 0.8 %

Shares of PWR stock opened at $344.60 on Monday. 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 company has a market capitalization of $50.87 billion, a price-to-earnings ratio of 63.58 and a beta of 1.01. Quanta Services, Inc. has a 52-week low of $180.97 and a 52-week high of $344.60. The company has a 50-day simple moving average of $309.24 and a two-hundred day simple moving average of $280.37.

Quanta Services (NYSE:PWR) last released its earnings results on Thursday, October 31st. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.26. The firm had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.08 earnings per share. Research analysts anticipate that Quanta Services, Inc. will post 7.88 EPS for the current fiscal year.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, January 2nd. Quanta Services’s payout ratio is presently 7.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PWR shares. Robert W. Baird upped their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a report on Friday, November 1st. UBS Group boosted their target price on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on shares of Quanta Services from $283.00 to $342.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. TD Cowen boosted their target price on shares of Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Northland Securities reissued an “outperform” rating and set a $328.00 target price (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $314.27.

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.