Stack Financial Management Inc Sells 4,121 Shares of Quanta Services, Inc. (NYSE:PWR)

Stack Financial Management Inc decreased its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,019 shares of the construction company's stock after selling 4,121 shares during the period. Quanta Services makes up about 4.7% of Stack Financial Management Inc's investment portfolio, making the stock its 5th largest holding. Stack Financial Management Inc owned about 0.13% of Quanta Services worth $41,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. FMR LLC boosted its holdings in Quanta Services by 1.1% during the third quarter. FMR LLC now owns 4,229,280 shares of the construction company's stock worth $791,171,000 after purchasing an additional 44,141 shares during the last quarter. Morgan Stanley boosted its holdings in Quanta Services by 3.3% during the third quarter. Morgan Stanley now owns 1,539,987 shares of the construction company's stock worth $288,086,000 after purchasing an additional 49,602 shares during the last quarter. Northern Trust Corp boosted its holdings in Quanta Services by 3.9% during the third quarter. Northern Trust Corp now owns 1,452,347 shares of the construction company's stock worth $271,691,000 after purchasing an additional 54,268 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Quanta Services by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,412,589 shares of the construction company's stock valued at $264,253,000 after acquiring an additional 40,233 shares during the last quarter. Finally, UBS Group AG lifted its stake in Quanta Services by 0.5% in the third quarter. UBS Group AG now owns 947,689 shares of the construction company's stock valued at $177,284,000 after acquiring an additional 4,800 shares during the last quarter. Institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PWR. The Goldman Sachs Group increased their price target on shares of Quanta Services from $227.00 to $259.00 and gave the company a "buy" rating in a research note on Monday, February 26th. TD Cowen raised their target price on shares of Quanta Services from $205.00 to $270.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. Evercore ISI assumed coverage on shares of Quanta Services in a research note on Tuesday, February 13th. They set an "outperform" rating and a $237.00 target price for the company. DA Davidson raised their target price on shares of Quanta Services from $190.00 to $225.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 28th. Finally, Stifel Nicolaus raised their price target on shares of Quanta Services from $237.00 to $252.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and an average price target of $247.67.

Quanta Services Trading Up 2.6 %

NYSE:PWR traded up $6.57 during mid-day trading on Friday, hitting $261.76. 1,179,949 shares of the company's stock were exchanged, compared to its average volume of 923,955. The firm has a market capitalization of $38.32 billion, a P/E ratio of 50.94 and a beta of 1.11. Quanta Services, Inc. has a fifty-two week low of $153.74 and a fifty-two week high of $265.82. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. The company has a 50 day simple moving average of $245.90 and a 200-day simple moving average of $211.02.

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

Quanta Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were paid a $0.09 dividend. The ex-dividend date was Monday, April 8th. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. Quanta Services's dividend payout ratio is currently 7.19%.

Insider Activity

In other Quanta Services 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 transaction of $4,382,650.00. Following the transaction, the executive vice president now owns 263,725 shares in the company, valued at $62,476,452.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Donald Wayne sold 595 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $239.61, for a total value of $142,567.95. Following the completion of the sale, the executive vice president now owns 41,954 shares in the company, valued at $10,052,597.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Derrick A. Jensen sold 18,500 shares of the 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. Insiders sold 47,125 shares of company stock worth $11,270,215 in the last quarter. 1.10% of the stock is owned by corporate 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.