Gilder Gagnon Howe & Co. LLC Reduces Stake in Quanta Services, Inc. (NYSE:PWR)

Gilder Gagnon Howe & Co. LLC lessened its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 482,493 shares of the construction company's stock after selling 9,109 shares during the quarter. Quanta Services comprises about 1.6% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 14th largest holding. Gilder Gagnon Howe & Co. LLC owned 0.33% of Quanta Services worth $152,492,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of Quanta Services by 0.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,167 shares of the construction company's stock valued at $1,317,000 after acquiring an additional 29 shares during the period. Commonwealth Financial Services LLC increased its stake in Quanta Services by 2.6% during the fourth quarter. Commonwealth Financial Services LLC now owns 1,152 shares of the construction company's stock worth $364,000 after purchasing an additional 29 shares during the period. HB Wealth Management LLC lifted its position in shares of Quanta Services by 0.9% during the fourth quarter. HB Wealth Management LLC now owns 3,323 shares of the construction company's stock worth $1,050,000 after purchasing an additional 31 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in shares of Quanta Services by 0.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 6,141 shares of the construction company's stock valued at $1,941,000 after purchasing an additional 32 shares during the period. Finally, Larson Financial Group LLC increased its stake in Quanta Services by 7.8% during the 4th quarter. Larson Financial Group LLC now owns 456 shares of the construction company's stock worth $144,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Performance

PWR stock traded up $30.63 on Thursday, hitting $323.32. The company's stock had a trading volume of 1,844,544 shares, compared to its average volume of 1,627,879. The stock has a market cap of $47.94 billion, a price-to-earnings ratio of 53.62, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The firm has a 50 day moving average of $262.54 and a two-hundred day moving average of $300.16. 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 1 year low of $227.08 and a 1 year high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. The company had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.61 billion. Equities analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.12%. Quanta Services's dividend payout ratio is currently 6.63%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PWR shares. Daiwa America raised shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. B. Riley restated a "neutral" rating and set a $300.00 price target (down previously from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Bank of America started coverage on Quanta Services in a research note on Friday, January 24th. They issued a "buy" rating and a $407.00 price objective for the company. Guggenheim assumed coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating on the stock. Finally, Piper Sandler started coverage on shares of Quanta Services in a research report on Tuesday, April 8th. They issued an "overweight" rating and a $286.00 price objective on the stock. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Quanta Services presently has a consensus rating of "Moderate Buy" and an average price target of $321.70.

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.