CenterBook Partners LP Sells 2,114 Shares of Quanta Services, Inc. (NYSE:PWR)

CenterBook Partners LP trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,499 shares of the construction company's stock after selling 2,114 shares during the period. CenterBook Partners LP's holdings in Quanta Services were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Webster Bank N. A. boosted its position in Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company's stock worth $26,000 after purchasing an additional 81 shares during the period. Sierra Ocean LLC bought a new stake in shares of Quanta Services during the 4th quarter worth $27,000. Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock valued at $33,000 after buying an additional 91 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Quanta Services in the 4th quarter worth $34,000. Finally, Versant Capital Management Inc lifted its position in Quanta Services by 62.5% during the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PWR shares. Roth Mkm began coverage on Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 price objective on the stock. Truist Financial dropped their price target on Quanta Services from $398.00 to $324.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus lowered their price objective on shares of Quanta Services from $323.00 to $287.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Guggenheim assumed coverage on shares of Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating for the company. Finally, B. Riley restated a "neutral" rating and set a $300.00 price objective (down previously from $343.00) on shares of Quanta Services in a report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $319.25.

Quanta Services Price Performance

Shares of PWR traded up $0.77 during mid-day trading on Thursday, hitting $270.22. 443,174 shares of the company traded hands, compared to its average volume of 1,658,387. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $265.12 and a 200 day moving average of $301.99. Quanta Services, Inc. has a one year low of $227.08 and a one year high of $365.88. The stock has a market capitalization of $40.05 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 1.41 and a beta of 1.04.

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 for the quarter, topping analysts' consensus estimates of $2.62 by $0.12. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Quanta Services had a return on equity of 18.00% and a net margin of 3.82%. As a group, equities analysts expect that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Thursday, April 3rd. Quanta Services's dividend payout ratio (DPR) is 6.63%.

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.