Quanta Services, Inc. (NYSE:PWR) is Neville Rodie & Shaw Inc.'s 5th Largest Position

Neville Rodie & Shaw Inc. decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,876 shares of the construction company's stock after selling 2,305 shares during the quarter. Quanta Services makes up 3.0% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 5th largest position. Neville Rodie & Shaw Inc. owned 0.10% of Quanta Services worth $38,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PWR. Vanguard Group Inc. increased its position in Quanta Services by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock valued at $5,375,828,000 after purchasing an additional 161,277 shares during the period. Capital World Investors increased its position in Quanta Services by 14.1% during the 4th quarter. Capital World Investors now owns 7,223,471 shares of the construction company's stock valued at $2,282,978,000 after purchasing an additional 891,977 shares during the period. Geode Capital Management LLC increased its position in Quanta Services by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 3,558,827 shares of the construction company's stock valued at $1,121,830,000 after purchasing an additional 99,416 shares during the period. Invesco Ltd. increased its position in Quanta Services by 3.7% during the 4th quarter. Invesco Ltd. now owns 1,913,847 shares of the construction company's stock valued at $604,871,000 after purchasing an additional 68,565 shares during the period. Finally, Norges Bank purchased a new position in Quanta Services during the 4th quarter valued at about $544,937,000. Institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PWR. BMO Capital Markets set a $352.00 target price on shares of Quanta Services in a research report on Friday, May 2nd. Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Argus set a $375.00 target price on shares of Quanta Services in a research report on Monday, May 5th. DA Davidson lifted their price objective 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. Finally, B. Riley lifted their price objective on shares of Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $344.85.

Quanta Services Price Performance

NYSE:PWR traded up $0.41 during trading hours on Monday, reaching $342.97. 225,721 shares of the company were exchanged, compared to its average volume of 1,547,396. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88. The firm has a market cap of $50.85 billion, a PE ratio of 56.88, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. The stock's 50-day moving average is $295.98 and its 200-day moving average is $303.10. 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 (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. 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 prior year, the company earned $1.41 EPS. Quanta Services's revenue was up 23.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.40 annualized dividend and a yield of 0.12%. Quanta Services's dividend payout ratio is presently 6.45%.

About Quanta Services

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.