Quanta Services, Inc. (NYSE:PWR) Shares Sold by American Trust

American Trust reduced its holdings in Quanta Services, Inc. (NYSE:PWR) by 28.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,040 shares of the construction company’s stock after selling 412 shares during the quarter. American Trust’s holdings in Quanta Services were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PWR. Artisan Partners Limited Partnership lifted its position in shares of Quanta Services by 384.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,438,653 shares of the construction company’s stock valued at $526,261,000 after acquiring an additional 1,935,786 shares in the last quarter. Norges Bank purchased a new stake in shares of Quanta Services in the fourth quarter valued at $335,777,000. Public Employees Retirement Association of Colorado lifted its position in shares of Quanta Services by 20,298.9% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,057,681 shares of the construction company’s stock valued at $228,248,000 after acquiring an additional 1,052,496 shares in the last quarter. Swedbank AB purchased a new stake in shares of Quanta Services in the first quarter valued at $227,218,000. Finally, Capital World Investors increased its stake in Quanta Services by 10.7% in the first quarter. Capital World Investors now owns 6,643,733 shares of the construction company’s stock valued at $1,726,042,000 after purchasing an additional 643,011 shares during the last quarter. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PWR. The Goldman Sachs Group upped their target price on Quanta Services from $259.00 to $286.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Northland Securities upped their price target on Quanta Services from $264.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Robert W. Baird upped their price target on Quanta Services from $287.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. B. Riley increased their target price on Quanta Services from $286.00 to $303.00 and gave the company a “buy” rating in a research note on Friday. Finally, Evercore ISI increased their price target on Quanta Services from $255.00 to $288.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.00.

Quanta Services Stock Performance

Shares of Quanta Services stock traded down $13.96 on Friday, reaching $240.92. 1,787,626 shares of the company were exchanged, compared to its average volume of 1,038,446. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.32 and a current ratio of 1.30. The company’s 50-day moving average is $264.85 and its two-hundred day moving average is $248.58. The firm has a market cap of $35.27 billion, a price-to-earnings ratio of 46.69 and a beta of 1.03. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $286.87.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, May 2nd. The construction company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.09 by $0.14. Quanta Services had a return on equity of 16.29% and a net margin of 3.59%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $4.96 billion. As a group, research analysts expect that Quanta Services, Inc. will post 7.69 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Monday, July 1st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.15%. The ex-dividend date was Monday, July 1st. Quanta Services’s dividend payout ratio is currently 6.98%.

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.