Brown Advisory Inc. Sells 15,076 Shares of Quanta Services, Inc. (NYSE:PWR)

Brown Advisory Inc. reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 18.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 64,924 shares of the construction company's stock after selling 15,076 shares during the period. Brown Advisory Inc.'s holdings in Quanta Services were worth $16,502,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Banque Transatlantique SA bought a new stake in Quanta Services in the 4th quarter valued at $25,000. Quarry LP bought a new stake in shares of Quanta Services in the fourth quarter valued at about $26,000. Rakuten Securities Inc. boosted its position in shares of Quanta Services by 1,027.3% during the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock worth $39,000 after buying an additional 113 shares during the period. OLD Second National Bank of Aurora bought a new position in shares of Quanta Services during the first quarter worth about $42,000. Finally, Sound Income Strategies LLC raised its position in Quanta Services by 77.9% in the 1st quarter. Sound Income Strategies LLC now owns 185 shares of the construction company's stock valued at $47,000 after buying an additional 81 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Analyst Ratings Changes

PWR has been the subject of several research reports. DA Davidson raised their price target on shares of Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Argus set a $375.00 price target on shares of Quanta Services in a research note on Monday, May 5th. Northland Securities downgraded shares of Quanta Services from an "outperform" rating to a "market perform" rating and set a $354.00 price objective for the company. in a research note on Wednesday, July 2nd. Truist Financial lowered their target price on Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen raised Quanta Services from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Nine analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $353.35.

Quanta Services Stock Performance

PWR stock traded up $3.54 during mid-day trading on Friday, hitting $383.63. 906,737 shares of the company were exchanged, compared to its average volume of 1,060,505. Quanta Services, Inc. has a 1-year low of $227.08 and a 1-year high of $388.00. The business has a 50 day simple moving average of $355.23 and a 200-day simple moving average of $310.51. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $56.88 billion, a PE ratio of 61.88, a price-to-earnings-growth ratio of 2.96 and a beta of 1.08.

Quanta Services (NYSE:PWR - Get Free Report) last announced its earnings results on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. Quanta Services had a net margin of 3.74% and a return on equity of 18.06%. The company had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. Quanta Services's quarterly revenue was up 23.9% on a year-over-year basis. On average, equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st were paid a $0.10 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.10%. Quanta Services's payout ratio is 6.45%.

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.