Quanta Services, Inc. (NYSE:PWR) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 20.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,859 shares of the construction company’s stock after buying an additional 4,390 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Quanta Services were worth $8,308,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co boosted its holdings in shares of Quanta Services by 5.7% during the third quarter. Diversified Trust Co now owns 948 shares of the construction company’s stock valued at $283,000 after acquiring an additional 51 shares during the period. Mather Group LLC. grew its position in Quanta Services by 31.8% in the 3rd quarter. Mather Group LLC. now owns 916 shares of the construction company’s stock worth $273,000 after purchasing an additional 221 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of Quanta Services in the third quarter valued at approximately $220,000. Wedmont Private Capital raised its holdings in shares of Quanta Services by 9.0% during the third quarter. Wedmont Private Capital now owns 4,895 shares of the construction company’s stock valued at $1,505,000 after buying an additional 405 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. grew its holdings in Quanta Services by 156.8% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 7,485 shares of the construction company’s stock worth $2,232,000 after buying an additional 4,570 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on PWR shares. UBS Group lifted their target price on Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Robert W. Baird upped their price objective on shares of Quanta Services from $320.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Bank of America initiated coverage on shares of Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 target price on the stock. Northland Securities restated an “outperform” rating and issued a $328.00 target price (up from $280.00) on shares of Quanta Services in a research report on Friday, November 1st. Finally, Daiwa America upgraded Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Four investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $330.50.

Quanta Services Stock Up 0.4 %

Quanta Services stock opened at $312.44 on Friday. The firm’s 50 day moving average price is $325.27 and its two-hundred day moving average price is $302.28. The firm has a market cap of $46.12 billion, a PE ratio of 57.65, a P/E/G ratio of 1.54 and a beta of 1.05. Quanta Services, Inc. has a twelve month low of $205.82 and a twelve month high of $365.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. Quanta Services’s payout ratio is currently 7.38%.

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.