Quanta Services saw increased investment and raised its dividend as revenue rose by 15.5% year-over-year.

My Legacy Advisors LLC and other institutional investors increased their holdings in Quanta Services, a construction company, with its stock up by 2.9% in the fourth quarter. Quanta Services saw a 15.5% year-over-year increase in revenue to $6.49 billion and beat EPS estimates by $0.26. The company also raised its quarterly dividend to $0.10 per share. Financial analysts have given the stock positive ratings and increased target prices, projecting 7.9 EPS for the year.

2 months ago
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