Twin Capital Management Inc. Has $2.53 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Twin Capital Management Inc. lifted its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 158.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,725 shares of the construction company's stock after purchasing an additional 7,192 shares during the period. Twin Capital Management Inc.'s holdings in Quanta Services were worth $2,530,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its stake in Quanta Services by 47.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company's stock valued at $34,000 after purchasing an additional 52 shares during the period. Central Bank & Trust Co. increased its stake in Quanta Services by 2.1% in the fourth quarter. Central Bank & Trust Co. now owns 3,246 shares of the construction company's stock worth $700,000 after purchasing an additional 66 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Quanta Services by 0.5% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,511 shares of the construction company's stock worth $2,340,000 after purchasing an additional 67 shares during the last quarter. Czech National Bank boosted its position in Quanta Services by 0.3% in the 4th quarter. Czech National Bank now owns 25,445 shares of the construction company's stock valued at $5,491,000 after buying an additional 67 shares during the period. Finally, Gray Wealth Management Inc. boosted its holdings in shares of Quanta Services by 6.2% in the third quarter. Gray Wealth Management Inc. now owns 1,168 shares of the construction company's stock valued at $218,000 after purchasing an additional 68 shares during the period. 90.49% of the stock is owned by institutional investors.

Quanta Services Stock Down 0.1 %

Shares of NYSE:PWR traded down $0.28 during trading on Thursday, hitting $245.68. 1,071,216 shares of the company were exchanged, compared to its average volume of 923,930. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.44. The firm's 50 day moving average price is $241.27 and its 200-day moving average price is $208.05. The stock has a market capitalization of $35.96 billion, a P/E ratio of 49.21 and a beta of 1.11. Quanta Services, Inc. has a 12-month low of $153.74 and a 12-month high of $265.82.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.21. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. The company had revenue of $5.78 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Quanta Services's revenue for the quarter was up 31.0% on a year-over-year basis. On average, research analysts predict that Quanta Services, Inc. will post 7.63 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Monday, April 8th. Quanta Services's payout ratio is currently 7.19%.

Analyst Upgrades and Downgrades

PWR has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Quanta Services from $227.00 to $259.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. DA Davidson boosted their target price on Quanta Services from $190.00 to $225.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. KeyCorp started coverage on Quanta Services in a report on Wednesday, January 10th. They issued a "sector weight" rating for the company. Stifel Nicolaus upped their price objective on shares of Quanta Services from $237.00 to $252.00 and gave the company a "buy" rating in a report on Friday, February 23rd. Finally, Evercore ISI assumed coverage on shares of Quanta Services in a research note on Tuesday, February 13th. They issued an "outperform" rating and a $237.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.54.

Insider Transactions at Quanta Services

In related news, EVP Derrick A. Jensen sold 18,500 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now owns 263,725 shares in the company, valued at approximately $62,476,452.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Worthing Jackman sold 9,572 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the transaction, the director now directly owns 7,486 shares in the company, valued at $1,776,502.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Derrick A. Jensen sold 18,500 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the completion of the sale, the executive vice president now owns 263,725 shares of the company's stock, valued at approximately $62,476,452.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,125 shares of company stock worth $11,270,215. Insiders own 1.20% of the company's stock.

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.