Quanta Services, Inc. (NYSE:PWR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,473,635 shares of the construction company's stock after selling 24,393 shares during the quarter. Nuveen Asset Management LLC owned 1.00% of Quanta Services worth $465,742,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PWR. Obermeyer Wealth Partners raised its holdings in shares of Quanta Services by 6.1% in the fourth quarter. Obermeyer Wealth Partners now owns 955 shares of the construction company's stock worth $302,000 after buying an additional 55 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Quanta Services by 6.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,023,189 shares of the construction company's stock worth $323,381,000 after acquiring an additional 59,102 shares during the last quarter. Lagoda Investment Management L.P. lifted its position in Quanta Services by 10.0% during the 4th quarter. Lagoda Investment Management L.P. now owns 1,105 shares of the construction company's stock worth $349,000 after acquiring an additional 100 shares during the period. Lionshead Wealth Management LLC purchased a new stake in Quanta Services during the 4th quarter valued at about $1,970,000. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Quanta Services in the fourth quarter valued at about $2,215,000. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Quanta Services from $331.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. DA Davidson increased their price target on Quanta Services from $295.00 to $305.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their price objective on Quanta Services from $418.00 to $364.00 and set a "buy" rating for the company in a report on Thursday, April 24th. BMO Capital Markets set a $352.00 price target on Quanta Services in a report on Friday, May 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Quanta Services from $306.00 to $363.00 and gave the company a "buy" rating in a report on Monday, May 5th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Quanta Services presently has a consensus rating of "Moderate Buy" and an average target price of $344.35.

Quanta Services Stock Down 0.0%

Shares of PWR traded down $0.06 during mid-day trading on Tuesday, hitting $344.65. 218,617 shares of the company's stock were exchanged, compared to its average volume of 1,587,139. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The company has a market cap of $51.10 billion, a price-to-earnings ratio of 57.16, a P/E/G ratio of 1.41 and a beta of 1.02. The stock's 50-day moving average is $283.12 and its 200-day moving average is $301.96. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88.

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 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 last year, the company posted $1.41 EPS. The firm'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 company also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.12%. Quanta Services's dividend payout ratio is currently 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.