Segall Bryant & Hamill LLC Decreases Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Segall Bryant & Hamill LLC lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 16.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,570 shares of the construction company’s stock after selling 20,128 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.07% of Quanta Services worth $33,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Webster Bank N. A. raised its position in shares of Quanta Services by 4,050.0% during the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Quanta Services during the 4th quarter worth approximately $27,000. Prestige Wealth Management Group LLC purchased a new position in shares of Quanta Services in the third quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Quanta Services in the third quarter worth approximately $31,000. Finally, Sound Income Strategies LLC increased its position in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after purchasing an additional 91 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Up 4.1 %

Shares of NYSE PWR opened at $279.21 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $288.60 and its two-hundred day moving average is $304.81. Quanta Services, Inc. has a 52-week low of $227.11 and a 52-week high of $365.88. The firm has a market cap of $41.38 billion, a price-to-earnings ratio of 46.30, a PEG ratio of 1.41 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. Research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services’s dividend payout ratio (DPR) is currently 6.63%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Truist Financial decreased their price objective on Quanta Services from $399.00 to $398.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. BMO Capital Markets raised shares of Quanta Services from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $338.00 to $316.00 in a research note on Tuesday, February 25th. Citigroup dropped their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Bank of America began coverage on shares of Quanta Services in a research note on Friday, January 24th. They issued a “buy” rating and a $407.00 target price on the stock. Finally, Roth Capital upgraded Quanta Services to a “strong-buy” rating in a research report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Quanta Services currently has an average rating of “Moderate Buy” and an average price target of $326.79.

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.