Triasima Portfolio Management inc. Invests $3.48 Million in Quanta Services, Inc. (NYSE:PWR)

Triasima Portfolio Management inc. purchased a new position in shares of Quanta Services, Inc. (NYSE:PWR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,023 shares of the construction company’s stock, valued at approximately $3,484,000.

Several other large investors also recently made changes to their positions in PWR. Webster Bank N. A. boosted its stake in shares of 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 acquiring an additional 81 shares in the last quarter. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services during the 3rd quarter worth about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of Quanta Services during the 3rd quarter worth about $31,000. Sound Income Strategies LLC boosted its stake in shares of 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 acquiring an additional 91 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of 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 acquiring an additional 45 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Quanta Services Trading Up 4.0 %

Shares of PWR opened at $310.81 on Friday. Quanta Services, Inc. has a 1 year low of $205.82 and a 1 year high of $365.88. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $325.27 and a 200-day simple moving average of $302.28. The stock has a market cap of $45.88 billion, a PE ratio of 57.35, a PEG ratio of 1.54 and a beta of 1.05.

Quanta Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a boost from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio is presently 7.38%.

Analyst Ratings Changes

PWR has been the subject of several research analyst reports. Northland Securities reissued an “outperform” rating and set a $328.00 price objective (up previously from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Bank of America initiated coverage on Quanta Services in a research report on Friday, January 24th. They set a “buy” rating and a $407.00 price objective for the company. UBS Group boosted their price objective on Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus boosted their price objective on Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $330.50.

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.