Quanta Services, Inc. (NYSE:PWR) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 540,680 shares of the construction company's stock after selling 8,997 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.37% of Quanta Services worth $170,884,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PWR. Diamant Asset Management Inc. bought a new stake in Quanta Services during the 3rd quarter valued at approximately $206,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Quanta Services during the third quarter valued at approximately $1,058,000. Tidal Investments LLC lifted its holdings in shares of Quanta Services by 10.5% in the third quarter. Tidal Investments LLC now owns 18,779 shares of the construction company's stock worth $5,597,000 after buying an additional 1,781 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Quanta Services by 34.0% during the third quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock worth $2,148,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Old North State Trust LLC increased its holdings in Quanta Services by 7.3% in the 3rd quarter. Old North State Trust LLC now owns 1,459 shares of the construction company's stock valued at $435,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Quanta Services Stock Up 1.0 %

NYSE PWR traded up $3.16 on Friday, reaching $325.09. 899,766 shares of the stock traded hands, compared to its average volume of 1,637,053. 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 fifty day moving average price of $263.79 and a 200-day moving average price of $300.24. The company has a market cap of $48.20 billion, a price-to-earnings ratio of 53.91, a PEG ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a 12 month low of $227.08 and a 12 month high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The construction company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $6.23 billion for the quarter, compared to analyst estimates of $5.88 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Quanta Services's revenue was up 23.9% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. As a group, research analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd were given 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 dividend yield of 0.12%. Quanta Services's payout ratio is 6.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PWR. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price objective on Quanta Services from $418.00 to $364.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Daiwa America raised shares of Quanta Services from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research note on Monday, February 24th. Finally, B. Riley boosted their target price on shares of Quanta Services from $300.00 to $355.00 and gave the stock a "neutral" rating in a report on Friday. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $328.05.

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.