Oakworth Capital Inc. Has $143,000 Position in Quanta Services, Inc. (NYSE:PWR)

Oakworth Capital Inc. lifted its position in Quanta Services, Inc. (NYSE:PWR) by 27.4% during the 4th quarter, Holdings Channel reports. The firm owned 451 shares of the construction company’s stock after buying an additional 97 shares during the quarter. Oakworth Capital Inc.’s holdings in Quanta Services were worth $143,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PWR. Versor Investments LP bought a new stake in shares of Quanta Services during the third quarter valued at approximately $406,000. Principal Financial Group Inc. boosted its position in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company’s stock valued at $61,932,000 after buying an additional 11,012 shares during the last quarter. Asio Capital LLC acquired a new stake in shares of Quanta Services in the 3rd quarter valued at $2,715,000. Synovus Financial Corp raised its position in shares of Quanta Services by 34.0% during the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company’s stock worth $2,148,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Waverton Investment Management Ltd boosted its holdings in Quanta Services by 6.5% in the third quarter. Waverton Investment Management Ltd now owns 41,963 shares of the construction company’s stock valued at $12,509,000 after acquiring an additional 2,557 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PWR. Northland Securities reissued an “outperform” rating and set a $328.00 price objective (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective 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. Citigroup dropped their target price on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. TD Cowen raised their price target on Quanta Services from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Daiwa America upgraded Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $330.50.

Quanta Services Trading Up 4.0 %

Shares of NYSE:PWR opened at $310.81 on Friday. The firm has a market cap of $45.88 billion, a price-to-earnings ratio of 57.35, a PEG ratio of 1.54 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12 month low of $205.82 and a 12 month high of $365.88. The company’s fifty day simple moving average is $325.27 and its 200 day simple moving average is $302.28.

Quanta Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were given 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 of this dividend was Thursday, January 2nd. Quanta Services’s dividend payout ratio 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.