Sentinel Trust Co. LBA Sells 12,474 Shares of Quanta Services, Inc. (NYSE:PWR)

Sentinel Trust Co. LBA decreased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 35.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,560 shares of the construction company's stock after selling 12,474 shares during the period. Quanta Services makes up 0.7% of Sentinel Trust Co. LBA's holdings, making the stock its 27th biggest position. Sentinel Trust Co. LBA's holdings in Quanta Services were worth $5,734,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in shares of Quanta Services in the fourth quarter worth $25,000. Quarry LP acquired a new stake in Quanta Services in the fourth quarter valued at about $26,000. OLD Second National Bank of Aurora acquired a new stake in Quanta Services in the first quarter valued at about $42,000. Sound Income Strategies LLC boosted its stake in Quanta Services by 77.9% in the first 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 in the last quarter. Finally, Rossby Financial LCC acquired a new stake in Quanta Services in the first quarter valued at about $53,000. Institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

NYSE:PWR traded up $3.54 during trading on Friday, reaching $383.63. The company's stock had a trading volume of 906,737 shares, compared to its average volume of 1,060,505. The firm has a market cap of $56.88 billion, a price-to-earnings ratio of 61.88, a price-to-earnings-growth ratio of 2.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.31. The firm has a 50 day moving average of $355.23 and a 200-day moving average of $310.37. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $388.00.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The construction company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.72 by $0.06. Quanta Services had a return on equity of 18.06% and a net margin of 3.74%. The firm had revenue of $6.23 billion for the quarter, compared to analysts' expectations of $5.88 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business's revenue for the quarter was up 23.9% compared to the same quarter last year. Research analysts expect that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently commented on PWR. TD Cowen lifted their price target on Quanta Services from $335.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Seaport Res Ptn raised Quanta Services to a "hold" rating in a research note on Thursday. Northland Capmk lowered Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 2nd. DA Davidson lifted their price objective on Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Evercore ISI lifted their target price on Quanta Services from $331.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Nine equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $353.35.

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.