Quantinno Capital Management LP Buys 890 Shares of Quanta Services, Inc. (NYSE:PWR)

Quantinno Capital Management LP boosted its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,817 shares of the construction company's stock after acquiring an additional 890 shares during the quarter. Quantinno Capital Management LP's holdings in Quanta Services were worth $3,735,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Quanta Services in the 4th quarter worth about $25,000. Webster Bank N. A. increased its stake in Quanta Services by 4,050.0% in the 4th quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Quarry LP bought a new position in Quanta Services in the 4th quarter worth about $26,000. Sierra Ocean LLC bought a new position in shares of Quanta Services during the 4th quarter valued at about $27,000. Finally, Sound Income Strategies LLC increased its position in shares of Quanta Services by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after purchasing an additional 91 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Bank of America assumed coverage on Quanta Services in a research report on Friday, January 24th. They set a "buy" rating and a $407.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. B. Riley increased their price objective on Quanta Services from $300.00 to $355.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Citigroup reduced their price objective on Quanta Services from $366.00 to $342.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Argus set a $375.00 price objective on Quanta Services in a research report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Quanta Services presently has an average rating of "Moderate Buy" and an average target price of $344.35.

Quanta Services Trading Up 1.4%

NYSE PWR traded up $4.59 on Friday, hitting $335.42. The company's stock had a trading volume of 932,410 shares, compared to its average volume of 1,582,542. Quanta Services, Inc. has a 52-week low of $227.08 and a 52-week high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company's 50-day simple moving average is $289.31 and its 200 day simple moving average is $302.80. The firm has a market cap of $49.73 billion, a P/E ratio of 55.63, a PEG ratio of 1.41 and a beta of 1.02.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share for the quarter, topping 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 business had revenue of $6.23 billion during the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter last year, the business posted $1.41 EPS. The business's revenue was up 23.9% on a year-over-year basis. Research analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Tuesday, July 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. The ex-dividend date is Tuesday, July 1st. Quanta Services's dividend payout ratio is currently 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.