Chevy Chase Trust Holdings LLC Sells 1,533 Shares of Quanta Services, Inc. (NYSE:PWR)

Chevy Chase Trust Holdings LLC trimmed its position in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,747 shares of the construction company's stock after selling 1,533 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Quanta Services worth $24,572,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PWR. Webster Bank N. A. grew its stake 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 buying an additional 81 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in Quanta Services during the third quarter worth about $30,000. Legacy Investment Solutions LLC acquired a new stake in Quanta Services during the third quarter worth about $31,000. Sound Income Strategies LLC grew its stake in Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company's stock worth $33,000 after buying an additional 91 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in Quanta Services by 62.5% during the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company's stock worth $37,000 after buying an additional 45 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Trading Up 1.5 %

Quanta Services stock traded up $4.45 during mid-day trading on Wednesday, hitting $292.04. 1,728,502 shares of the stock were exchanged, compared to its average volume of 1,460,892. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12 month low of $206.58 and a 12 month high of $365.88. The firm's fifty day simple moving average is $319.99 and its two-hundred day simple moving average is $304.91. The stock has a market capitalization of $43.11 billion, a price-to-earnings ratio of 53.88, a PEG ratio of 1.43 and a beta of 1.05.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.10 per share. This is a positive change from Quanta Services's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.14%. Quanta Services's dividend payout ratio (DPR) is presently 7.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PWR shares. Daiwa America upgraded shares of Quanta Services to a "strong-buy" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. BMO Capital Markets started coverage on shares of Quanta Services in a research note on Monday, February 3rd. They issued an "outperform" rating and a $338.00 price target on the stock. Citigroup reduced their price target on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, Guggenheim started coverage on shares of Quanta Services in a research note on Wednesday, January 8th. They issued a "neutral" rating on the stock. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $330.50.

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.