Versant Capital Management Inc Grows Holdings in Quanta Services, Inc. (NYSE:PWR)

Versant Capital Management Inc raised its position in shares of Quanta Services, Inc. (NYSE:PWR) by 62.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 117 shares of the construction company’s stock after purchasing an additional 45 shares during the period. Versant Capital Management Inc’s holdings in Quanta Services were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PWR. Electron Capital Partners LLC lifted its stake in shares of Quanta Services by 395.1% during the 2nd quarter. Electron Capital Partners LLC now owns 2,622,142 shares of the construction company’s stock valued at $666,260,000 after buying an additional 2,092,519 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Quanta Services by 1,445.3% in the second quarter. American Century Companies Inc. now owns 395,152 shares of the construction company’s stock valued at $100,404,000 after acquiring an additional 369,581 shares in the last quarter. Alkeon Capital Management LLC boosted its stake in shares of Quanta Services by 62.5% in the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after acquiring an additional 250,000 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Quanta Services by 17.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,235,655 shares of the construction company’s stock worth $313,968,000 after purchasing an additional 186,306 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in Quanta Services by 4,701.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 153,559 shares of the construction company’s stock valued at $39,018,000 after purchasing an additional 150,361 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Trading Up 0.4 %

PWR stock opened at $327.95 on Tuesday. Quanta Services, Inc. has a twelve month low of $187.27 and a twelve month high of $350.19. The stock has a market capitalization of $48.41 billion, a price-to-earnings ratio of 60.51 and a beta of 1.06. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. The firm’s fifty day simple moving average is $327.70 and its two-hundred day simple moving average is $293.01.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.46 by $0.26. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.56 billion. Quanta Services had a net margin of 3.54% and a return on equity of 16.71%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.08 EPS. As a group, analysts anticipate that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, January 2nd. 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. Quanta Services’s payout ratio is presently 7.38%.

Analysts Set New Price Targets

PWR has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on Quanta Services from $343.00 to $374.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. UBS Group raised their target price on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. initiated coverage on shares of Quanta Services in a research note on Monday, October 7th. They issued a “neutral” rating and a $297.00 price target on the stock. Citigroup raised their price objective on Quanta Services from $348.00 to $394.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Daiwa America raised Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Quanta Services has an average rating of “Moderate Buy” and an average target price of $324.25.

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.