Mn Services Vermogensbeheer B.V. Reduces Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,600 shares of the construction company's stock after selling 5,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Quanta Services were worth $13,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PWR. Banque Transatlantique SA purchased a new stake in shares of Quanta Services during the fourth quarter worth about $25,000. Quarry LP bought a new stake in shares of Quanta Services in the 4th quarter worth approximately $26,000. Sierra Ocean LLC purchased a new position in shares of Quanta Services during the fourth quarter valued at approximately $27,000. Centricity Wealth Management LLC bought a new position in shares of Quanta Services during the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. lifted its stake in Quanta Services by 1,027.3% in the fourth quarter. Rakuten Securities Inc. now owns 124 shares of the construction company's stock worth $39,000 after acquiring an additional 113 shares during the period. 90.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on PWR. The Goldman Sachs Group restated a "buy" rating and issued a $414.00 price objective (up from $364.00) on shares of Quanta Services in a report on Wednesday, June 4th. BMO Capital Markets set a $352.00 price objective on Quanta Services in a research report on Friday, May 2nd. Evercore ISI increased their target price on Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Stifel Nicolaus lifted their price target on Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Roth Mkm started coverage on Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 price target on the stock. Six equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $349.65.

Quanta Services Stock Up 1.0%

PWR stock traded up $3.51 during midday trading on Monday, hitting $361.77. The company's stock had a trading volume of 839,830 shares, compared to its average volume of 1,500,096. The firm's 50-day moving average is $316.61 and its 200-day moving average is $304.39. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $367.00. The company has a market cap of $53.64 billion, a PE ratio of 60.00, a P/E/G ratio of 1.41 and a beta of 1.07.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same period last year, the firm posted $1.41 earnings per share. Quanta Services's revenue was up 23.9% compared to the same quarter last year. On average, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.11%. Quanta Services's dividend payout ratio (DPR) is 6.45%.

Quanta Services Company 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.