Quanta Services, Inc. (NYSE:PWR) Shares Sold by Empirical Finance LLC

Empirical Finance LLC cut its position in Quanta Services, Inc. (NYSE:PWR) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,880 shares of the construction company’s stock after selling 46 shares during the period. Empirical Finance LLC’s holdings in Quanta Services were worth $1,542,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in PWR. Geneos Wealth Management Inc. lifted its holdings in Quanta Services by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company’s stock valued at $1,317,000 after purchasing an additional 29 shares in the last quarter. Commonwealth Financial Services LLC lifted its stake in shares of Quanta Services by 2.6% during the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company’s stock valued at $364,000 after buying an additional 29 shares during the period. HB Wealth Management LLC boosted its position in Quanta Services by 0.9% during the fourth quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company’s stock worth $1,050,000 after acquiring an additional 31 shares during the last quarter. Moody Lynn & Lieberson LLC grew its stake in Quanta Services by 0.5% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company’s stock worth $1,941,000 after acquiring an additional 32 shares during the period. Finally, Resurgent Financial Advisors LLC raised its holdings in Quanta Services by 0.7% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 4,773 shares of the construction company’s stock valued at $1,423,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Performance

Quanta Services stock opened at $312.44 on Monday. The firm has a market capitalization of $46.12 billion, a PE ratio of 57.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. Quanta Services, Inc. has a one year low of $205.82 and a one year high of $365.88. The stock’s 50 day moving average price is $324.63 and its 200 day moving average price is $303.22. 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 announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, January 2nd were paid a $0.10 dividend. 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 annualized dividend and a dividend yield of 0.13%. Quanta Services’s dividend payout ratio is 7.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PWR. BMO Capital Markets initiated coverage on Quanta Services in a research report on Monday, February 3rd. They issued an “outperform” rating and a $338.00 price objective for the company. Daiwa Capital Markets began coverage on Quanta Services in a report on Friday, December 6th. They issued an “outperform” rating and a $355.00 price target for the company. Daiwa America upgraded shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Bank of America started coverage on shares of Quanta Services in a report on Friday, January 24th. They issued a “buy” rating and a $407.00 target price for the company. Finally, UBS Group lifted their price target on shares of Quanta Services from $313.00 to $367.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.