AXQ Capital LP Takes Position in Quanta Services, Inc. (NYSE:PWR)

AXQ Capital LP bought a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 680 shares of the construction company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vestor Capital LLC lifted its stake in shares of Quanta Services by 22,640.7% in the 4th quarter. Vestor Capital LLC now owns 32,974 shares of the construction company’s stock valued at $10,421,000 after purchasing an additional 32,829 shares during the period. Mizuho Securities USA LLC lifted its stake in Quanta Services by 46.4% in the fourth quarter. Mizuho Securities USA LLC now owns 13,990 shares of the construction company’s stock valued at $4,422,000 after buying an additional 4,436 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Quanta Services by 181.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 186 shares of the construction company’s stock worth $59,000 after buying an additional 120 shares during the period. HUB Investment Partners LLC increased its stake in shares of Quanta Services by 846.6% in the 4th quarter. HUB Investment Partners LLC now owns 24,156 shares of the construction company’s stock valued at $7,635,000 after acquiring an additional 21,604 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Quanta Services by 7.2% during the fourth quarter. Whittier Trust Co. now owns 6,319 shares of the construction company’s stock worth $1,997,000 after acquiring an additional 425 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PWR shares. Bank of America initiated coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 price target for the company. JPMorgan Chase & Co. increased their price target on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research report on Monday, February 24th. Roth Mkm assumed coverage on Quanta Services in a report on Friday, February 21st. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Guggenheim started coverage on shares of Quanta Services in a report on Wednesday, January 8th. They set a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and a consensus target price of $326.79.

Quanta Services Stock Performance

NYSE PWR opened at $279.21 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The company has a market capitalization of $41.38 billion, a PE ratio of 46.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The company has a 50-day simple moving average of $288.60 and a 200 day simple moving average of $304.81.

Quanta Services (NYSE:PWR) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.61 billion. On average, research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.14%. Quanta Services’s dividend payout ratio is presently 6.63%.

About Quanta Services

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.