Quanta Services, Inc. (NYSE:PWR) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its stake in Quanta Services, Inc. (NYSE:PWR) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,813 shares of the construction company’s stock after purchasing an additional 120 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Quanta Services were worth $1,521,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PWR. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Quanta Services during the second quarter worth about $634,000. Czech National Bank boosted its holdings in Quanta Services by 7.9% during the third quarter. Czech National Bank now owns 30,012 shares of the construction company’s stock worth $8,948,000 after buying an additional 2,185 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Quanta Services by 67.9% during the third quarter. GAMMA Investing LLC now owns 3,149 shares of the construction company’s stock worth $939,000 after buying an additional 1,273 shares in the last quarter. Diversified Trust Co boosted its holdings in Quanta Services by 5.7% during the third quarter. Diversified Trust Co now owns 948 shares of the construction company’s stock worth $283,000 after buying an additional 51 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Quanta Services by 31.8% in the 3rd quarter. Mather Group LLC. now owns 916 shares of the construction company’s stock valued at $273,000 after acquiring an additional 221 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Trading Down 1.8 %

PWR opened at $301.97 on Tuesday. 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 market capitalization of $44.57 billion, a PE ratio of 55.71, a PEG ratio of 1.54 and a beta of 1.05. Quanta Services, Inc. has a 1-year low of $200.23 and a 1-year high of $365.88. The firm has a 50-day moving average price of $327.77 and a two-hundred day moving average price of $301.96.

Quanta Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were given a dividend of $0.10 per share. 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.13%. Quanta Services’s dividend payout ratio is presently 7.38%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PWR. Stifel Nicolaus increased their target price on shares of Quanta Services from $374.00 to $388.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a research note on Friday, December 6th. Daiwa Capital Markets began coverage on shares of Quanta Services in a research report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target on the stock. Finally, Citigroup decreased their price target on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Quanta Services currently has a consensus 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.