Aubrey Capital Management Ltd Increases Stake in Quanta Services, Inc. (NYSE:PWR)

Aubrey Capital Management Ltd grew its position in shares of Quanta Services, Inc. (NYSE:PWR) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,900 shares of the construction company’s stock after buying an additional 100 shares during the quarter. Quanta Services accounts for 1.4% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 25th largest holding. Aubrey Capital Management Ltd’s holdings in Quanta Services were worth $3,762,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Webster Bank N. A. raised its position in Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after buying an additional 81 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new position in Quanta Services during the 3rd quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in Quanta Services during the 3rd quarter worth $31,000. Sound Income Strategies LLC raised its position in Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after buying an additional 91 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock worth $37,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PWR. Northland Securities reiterated an “outperform” rating and issued a $328.00 price target (up previously from $280.00) on shares of Quanta Services in a report on Friday, November 1st. Daiwa Capital Markets began coverage on shares of Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target for the company. Stifel Nicolaus increased their price target on shares of Quanta Services from $374.00 to $388.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Bank of America began coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. Finally, JPMorgan Chase & Co. increased 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and an average target price of $330.50.

Quanta Services Price Performance

Quanta Services stock opened at $312.44 on Monday. Quanta Services, Inc. has a 12-month low of $205.82 and a 12-month high of $365.88. The stock has a market capitalization of $46.12 billion, a P/E ratio of 57.65, a P/E/G ratio of 1.56 and a beta of 1.05. The firm’s 50-day moving average is $324.63 and its two-hundred day moving average is $303.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.10 per share. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. The ex-dividend date was Thursday, January 2nd. Quanta Services’s dividend payout ratio (DPR) is currently 7.38%.

Quanta Services Company 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.