American Century Companies Inc. Sells 10,053 Shares of Quanta Services, Inc. (NYSE:PWR)

American Century Companies Inc. reduced its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 385,817 shares of the construction company's stock after selling 10,053 shares during the period. American Century Companies Inc. owned about 0.26% of Quanta Services worth $121,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Webster Bank N. A. lifted its holdings in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Sierra Ocean LLC purchased a new position in Quanta Services in the 4th quarter worth about $27,000. Prestige Wealth Management Group LLC bought a new position in Quanta Services during the 3rd quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new stake in shares of Quanta Services in the third quarter worth approximately $31,000. Finally, Sound Income Strategies LLC increased its position in Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after acquiring an additional 91 shares during the last quarter. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Roth Mkm began coverage on shares of Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 target price for the company. B. Riley restated a "neutral" rating and set a $300.00 target price (down previously from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Guggenheim began coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. raised their price target on Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Finally, Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Quanta Services presently has an average rating of "Moderate Buy" and an average target price of $326.79.

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Quanta Services Trading Down 2.4 %

NYSE:PWR traded down $6.17 during midday trading on Thursday, hitting $254.47. 1,563,351 shares of the company traded hands, compared to its average volume of 1,733,652. The firm has a market capitalization of $37.71 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.41 and a beta of 1.10. The firm's fifty day moving average is $286.36 and its 200-day moving average is $304.69. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.61 billion. On average, sell-side analysts predict that Quanta Services, Inc. will post 9.34 EPS for the current year.

Quanta Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date is Thursday, April 3rd. Quanta Services's dividend payout ratio is currently 6.63%.

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.