Waterloo Capital L.P. Has $1.81 Million Holdings in Quanta Services, Inc. (NYSE:PWR)

Waterloo Capital L.P. lifted its position in Quanta Services, Inc. (NYSE:PWR) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,711 shares of the construction company’s stock after purchasing an additional 278 shares during the quarter. Waterloo Capital L.P.’s holdings in Quanta Services were worth $1,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PWR. Russell Investments Group Ltd. raised its holdings in shares of Quanta Services by 0.5% in the 4th quarter. Russell Investments Group Ltd. now owns 69,126 shares of the construction company’s stock worth $21,926,000 after buying an additional 378 shares in the last quarter. Hurley Capital LLC acquired a new position in Quanta Services during the fourth quarter worth $75,000. Wedbush Securities Inc. lifted its holdings in shares of Quanta Services by 157.1% during the fourth quarter. Wedbush Securities Inc. now owns 2,149 shares of the construction company’s stock valued at $679,000 after acquiring an additional 1,313 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Quanta Services by 11.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 186,693 shares of the construction company’s stock valued at $59,004,000 after purchasing an additional 18,548 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Quanta Services in the 4th quarter worth about $1,746,000. 90.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PWR has been the topic of a number of recent analyst reports. B. Riley restated a “neutral” rating and issued a $300.00 price target (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Guggenheim initiated coverage on Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating on the stock. Stifel Nicolaus dropped their price target on Quanta Services from $388.00 to $323.00 and set a “buy” rating for the company in a report on Monday, February 24th. BMO Capital Markets raised Quanta Services from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. Finally, Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.79.

Quanta Services Stock Performance

Shares of Quanta Services stock opened at $239.50 on Monday. The firm has a fifty day moving average of $273.15 and a two-hundred day moving average of $304.43. 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 stock has a market capitalization of $35.49 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88.

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

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Thursday, April 3rd. Quanta Services’s dividend payout ratio is currently 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.