One Plus One Wealth Management LLC Has $438,000 Stock Position in Quanta Services, Inc. (NYSE:PWR)

One Plus One Wealth Management LLC increased its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,386 shares of the construction company’s stock after buying an additional 195 shares during the quarter. One Plus One Wealth Management LLC’s holdings in Quanta Services were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PWR. Alkeon Capital Management LLC increased its holdings in shares of Quanta Services by 62.5% during the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock worth $193,798,000 after buying an additional 250,000 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Quanta Services during the 4th quarter worth approximately $46,364,000. International Assets Investment Management LLC increased its holdings in Quanta Services by 29,655.3% during the 3rd quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock valued at $44,269,000 after purchasing an additional 147,980 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Quanta Services by 81.7% in the third quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock worth $83,210,000 after purchasing an additional 125,530 shares in the last quarter. Finally, Meitav Investment House Ltd. bought a new stake in shares of Quanta Services during the third quarter worth $27,430,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Down 1.4 %

Shares of NYSE:PWR opened at $298.44 on Thursday. The company has a 50 day moving average price of $322.55 and a two-hundred day moving average price of $303.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market capitalization of $44.05 billion, a PE ratio of 55.06, a PEG ratio of 1.56 and a beta of 1.05. Quanta Services, Inc. has a 52 week low of $205.82 and a 52 week high of $365.88.

Quanta Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, January 2nd. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

Wall Street Analysts Forecast Growth

PWR has been the subject of a number of research analyst reports. Daiwa Capital Markets initiated coverage on Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target for the company. 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 note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Bank of America started coverage on shares of Quanta Services in a research report on Friday, January 24th. They issued a “buy” rating and a $407.00 price objective for the company. Finally, Northland Securities reiterated an “outperform” rating and issued a $328.00 price objective (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Quanta Services currently has an average rating of “Moderate Buy” and a consensus price target of $330.50.

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.