B. Metzler seel. Sohn & Co. Holding AG Acquires Shares of 11,170 Quanta Services, Inc. (NYSE:PWR)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Quanta Services, Inc. (NYSE:PWR) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 11,170 shares of the construction company’s stock, valued at approximately $3,330,000.

Other large investors have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of Quanta Services during the first quarter valued at $25,000. Cambridge Trust Co. bought a new stake in shares of Quanta Services in the first quarter worth approximately $26,000. Valley Wealth Managers Inc. purchased a new stake in Quanta Services during the 2nd quarter valued at $33,000. Quest Partners LLC bought a new stake in shares of Quanta Services in the second quarter worth $35,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Quanta Services during the third quarter valued at $41,000. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 0.5 %

PWR stock opened at $332.36 on Thursday. The firm has a market cap of $49.06 billion, a PE ratio of 61.32 and a beta of 1.01. The firm has a fifty day moving average price of $306.37 and a 200 day moving average price of $279.24. 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, Inc. has a fifty-two week low of $180.97 and a fifty-two week high of $335.00.

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

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date was Tuesday, October 1st. Quanta Services’s dividend payout ratio (DPR) is 6.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PWR shares. JPMorgan Chase & Co. started coverage on shares of Quanta Services in a research note on Monday, October 7th. They issued a “neutral” rating and a $297.00 price objective on the stock. Stifel Nicolaus upped their price target on Quanta Services from $283.00 to $342.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Northland Securities reaffirmed an “outperform” rating and set a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Citigroup increased their price objective on shares of Quanta Services from $302.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group lifted 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. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.