Mizuho Securities USA LLC Increases Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Mizuho Securities USA LLC increased its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,990 shares of the construction company’s stock after buying an additional 4,436 shares during the quarter. Mizuho Securities USA LLC’s holdings in Quanta Services were worth $4,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PWR. Raymond James Financial Inc. purchased a new position in Quanta Services during the 4th quarter worth $203,068,000. Alkeon Capital Management LLC grew its stake in Quanta Services by 62.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company’s stock valued at $193,798,000 after purchasing an additional 250,000 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Quanta Services during the 4th quarter valued at about $53,949,000. Union Bancaire Privee UBP SA purchased a new stake in Quanta Services during the 4th quarter valued at about $46,364,000. Finally, Public Sector Pension Investment Board grew its stake in Quanta Services by 81.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after purchasing an additional 125,530 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

NYSE PWR opened at $268.43 on Monday. The stock has a market capitalization of $39.78 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $289.30 and a 200 day moving average of $304.61.

Quanta Services (NYSE:PWR) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. Sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.15%. Quanta Services’s dividend payout ratio (DPR) is currently 6.63%.

Analyst Ratings Changes

PWR has been the topic of several research analyst reports. BMO Capital Markets upgraded Quanta Services from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Bank of America initiated coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 price target on the stock. B. Riley reiterated a “neutral” rating and set a $300.00 price target (down previously from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Daiwa Capital Markets cut Quanta Services from an “outperform” rating to a “neutral” rating in a report on Monday, February 24th. Finally, Guggenheim started coverage on Quanta Services in a report on Wednesday, January 8th. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $326.79.

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.