Quanta Services, Inc. (NYSE:PWR) Shares Sold by Mirova

Mirova lessened its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,017 shares of the construction company's stock after selling 3,183 shares during the period. Mirova's holdings in Quanta Services were worth $3,482,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. The Goldman Sachs Group decreased their price target on Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a research note on Thursday. Bank of America began coverage on Quanta Services in a research report on Friday, January 24th. They issued a "buy" rating and a $407.00 price objective on the stock. Daiwa Capital Markets downgraded Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Finally, Guggenheim initiated coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating on the stock. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Quanta Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.70.

Quanta Services Stock Up 1.8 %

Shares of NYSE PWR traded up $5.06 during mid-day trading on Friday, reaching $287.18. 697,673 shares of the company were exchanged, compared to its average volume of 1,633,574. Quanta Services, Inc. has a 1 year low of $227.08 and a 1 year high of $365.88. The firm has a 50-day moving average of $261.83 and a 200 day moving average of $300.63. The stock has a market cap of $42.58 billion, a price-to-earnings ratio of 47.63, a P/E/G ratio of 1.41 and a beta of 1.04. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. On average, research analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.14%. Quanta Services's dividend payout ratio (DPR) is 6.63%.

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.