16,985 Shares in Quanta Services, Inc. (NYSE:PWR) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,985 shares of the construction company’s stock, valued at approximately $5,368,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Quanta Services by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company’s stock valued at $5,375,828,000 after purchasing an additional 161,277 shares during the period. Capital World Investors increased its position in shares of Quanta Services by 14.1% during the 4th quarter. Capital World Investors now owns 7,223,471 shares of the construction company’s stock valued at $2,282,978,000 after purchasing an additional 891,977 shares during the last quarter. Geode Capital Management LLC raised its position in Quanta Services by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company’s stock worth $1,121,830,000 after acquiring an additional 99,416 shares during the period. Invesco Ltd. grew its holdings in Quanta Services by 3.7% during the fourth quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company’s stock valued at $604,871,000 after purchasing an additional 68,565 shares during the period. Finally, Norges Bank purchased a new stake in Quanta Services in the 4th quarter worth about $544,937,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Shares of PWR stock opened at $340.24 on Friday. The company has a market capitalization of $50.45 billion, a price-to-earnings ratio of 56.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. 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’s 50-day moving average is $279.25 and its 200 day moving average is $301.53. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The business had revenue of $6.23 billion during the quarter, compared to analyst estimates of $5.88 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. Quanta Services’s revenue was up 23.9% on a year-over-year basis. Sell-side analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.12%. Quanta Services’s dividend payout ratio is currently 6.45%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PWR shares. Roth Capital raised shares of Quanta Services to a “strong-buy” rating in a report on Thursday, February 20th. Argus set a $375.00 target price on shares of Quanta Services in a research report on Monday, May 5th. Bank of America started coverage on Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective for the company. The Goldman Sachs Group cut their target price on Quanta Services from $418.00 to $364.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Finally, B. Riley upped their price objective on shares of Quanta Services from $300.00 to $355.00 and gave the stock a “neutral” rating in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and an average target price of $344.35.

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.