Quanta Services, Inc. (NYSE:PWR) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 96.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,902 shares of the construction company's stock after selling 105,630 shares during the quarter. Calamos Advisors LLC's holdings in Quanta Services were worth $842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grove Bank & Trust lifted its position in Quanta Services by 75.6% in the third quarter. Grove Bank & Trust now owns 158 shares of the construction company's stock worth $30,000 after buying an additional 68 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of Quanta Services by 47.3% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 162 shares of the construction company's stock worth $34,000 after purchasing an additional 52 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Quanta Services by 1,730.0% during the third quarter. Geneos Wealth Management Inc. now owns 183 shares of the construction company's stock worth $34,000 after purchasing an additional 173 shares during the last quarter. Valley National Advisers Inc. bought a new stake in shares of Quanta Services during the fourth quarter worth $41,000. Finally, NBC Securities Inc. bought a new stake in shares of Quanta Services during the third quarter worth $36,000. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Stock Performance

NYSE:PWR traded up $2.28 during trading hours on Monday, reaching $245.54. The company had a trading volume of 739,805 shares, compared to its average volume of 924,825. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $265.82. The firm has a market cap of $35.94 billion, a PE ratio of 49.01 and a beta of 1.11. The business's 50 day moving average price is $243.37 and its 200-day moving average price is $209.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.44.

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

Quanta Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PWR shares. Stifel Nicolaus lifted their target price on Quanta Services from $237.00 to $252.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Evercore ISI assumed coverage on Quanta Services in a research note on Tuesday, February 13th. They set an "outperform" rating and a $237.00 price target on the stock. The Goldman Sachs Group raised their price target on Quanta Services from $227.00 to $259.00 and gave the company a "buy" rating in a research note on Monday, February 26th. KeyCorp assumed coverage on Quanta Services in a research note on Wednesday, January 10th. They set a "sector weight" rating on the stock. Finally, Citigroup raised their price target on Quanta Services from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Monday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $243.23.

Insider Activity at Quanta Services

In related news, EVP Derrick A. Jensen sold 18,500 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the transaction, the executive vice president now directly owns 263,725 shares of the company's stock, valued at approximately $62,476,452.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was 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 directly owns 263,725 shares of the company's stock, valued at approximately $62,476,452.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Worthing Jackman sold 9,572 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total value of $2,271,531.32. Following the completion of the sale, the director now directly owns 7,486 shares of the company's stock, valued at $1,776,502.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,125 shares of company stock valued at $11,270,215. 1.10% of the stock is owned by insiders.

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.