Nomura Holdings Inc. Buys New Shares in Quanta Services, Inc. (NYSE:PWR)

Nomura Holdings Inc. acquired a new position in Quanta Services, Inc. (NYSE:PWR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,985 shares of the construction company’s stock, valued at approximately $5,368,000.

Other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new stake in shares of Quanta Services in the 4th quarter valued at approximately $203,000. SeaCrest Wealth Management LLC acquired a new position in Quanta Services during the 4th quarter worth $598,000. Fifth Third Wealth Advisors LLC increased its position in Quanta Services by 38.8% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,631 shares of the construction company’s stock worth $515,000 after purchasing an additional 456 shares during the period. Rockland Trust Co. bought a new position in Quanta Services in the fourth quarter valued at approximately $256,000. Finally, Kathmere Capital Management LLC grew its stake in shares of Quanta Services by 14.3% during the fourth quarter. Kathmere Capital Management LLC now owns 918 shares of the construction company’s stock worth $290,000 after purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Down 0.8%

Shares of PWR stock opened at $340.24 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88. The company has a market cap of $50.45 billion, a PE ratio of 56.42, a P/E/G ratio of 1.41 and a beta of 1.02. The stock’s fifty day moving average price is $279.25 and its two-hundred day moving average price is $301.53.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. During the same quarter last year, the business posted $1.41 earnings per share. The company’s quarterly revenue was up 23.9% on a year-over-year basis. Equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. Quanta Services’s dividend payout ratio is 6.45%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PWR. Daiwa Capital Markets downgraded Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. Stifel Nicolaus upped their target price on Quanta Services from $306.00 to $363.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Argus set a $375.00 price objective on shares of Quanta Services in a research report on Monday, May 5th. Evercore ISI boosted their target price on Quanta Services from $331.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Daiwa America raised shares of Quanta Services from a “hold” rating to a “strong-buy” rating in a report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $344.35.

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.