NBC Securities Inc. Invests $36,000 in Quanta Services, Inc. (NYSE:PWR)

NBC Securities Inc. bought a new position in shares of Quanta Services, Inc. (NYSE:PWRFree Report) during the third quarter, HoldingsChannel.com reports. The firm bought 194 shares of the construction company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PWR. Panagora Asset Management Inc. grew its holdings in shares of Quanta Services by 79.1% in the first quarter. Panagora Asset Management Inc. now owns 11,464 shares of the construction company’s stock valued at $1,509,000 after purchasing an additional 5,063 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Quanta Services by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,067 shares of the construction company’s stock valued at $2,509,000 after acquiring an additional 1,181 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Quanta Services by 2.6% in the first quarter. Great West Life Assurance Co. Can now owns 26,648 shares of the construction company’s stock valued at $3,655,000 after purchasing an additional 668 shares during the last quarter. Raymond James Trust N.A. grew its stake in Quanta Services by 8.3% in the first quarter. Raymond James Trust N.A. now owns 4,949 shares of the construction company’s stock valued at $652,000 after purchasing an additional 379 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in Quanta Services by 21.7% in the first quarter. Blair William & Co. IL now owns 16,156 shares of the construction company’s stock valued at $2,126,000 after purchasing an additional 2,884 shares during the last quarter. Institutional investors own 87.86% of the company’s stock.

Quanta Services Trading Up 1.4 %

Quanta Services stock opened at $208.90 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.57 and a debt-to-equity ratio of 0.66. Quanta Services, Inc. has a 12 month low of $147.33 and a 12 month high of $219.17. The stock’s 50 day simple moving average is $203.80 and its two-hundred day simple moving average is $194.16. The firm has a market cap of $30.35 billion, a PE ratio of 44.54 and a beta of 1.06.

Quanta Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.17%. The ex-dividend date was Friday, December 29th. This is a positive change from Quanta Services’s previous quarterly dividend of $0.08. Quanta Services’s dividend payout ratio is currently 7.68%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup lifted their target price on Quanta Services from $234.00 to $237.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus boosted their price target on Quanta Services from $212.00 to $237.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. KeyCorp assumed coverage on Quanta Services in a research note on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, The Goldman Sachs Group upgraded Quanta Services from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $214.00 to $211.00 in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.80.

View Our Latest Stock Analysis on Quanta Services

About Quanta Services

(Free Report)

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.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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