Dana Investment Advisors Inc. Has $8.01 Million Position in Quanta Services, Inc. (NYSE:PWR)

Dana Investment Advisors Inc. trimmed its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,353 shares of the construction company's stock after selling 4,867 shares during the quarter. Dana Investment Advisors Inc.'s holdings in Quanta Services were worth $8,013,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Alkeon Capital Management LLC increased its position in shares of Quanta Services by 62.5% during the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company's stock worth $193,798,000 after acquiring an additional 250,000 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Quanta Services during the 4th quarter worth about $53,949,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Quanta Services in the 4th quarter valued at about $46,364,000. Public Sector Pension Investment Board lifted its holdings in shares of Quanta Services by 81.7% in the third quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company's stock valued at $83,210,000 after purchasing an additional 125,530 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Quanta Services by 1.6% during the third quarter. State Street Corp now owns 5,748,637 shares of the construction company's stock worth $1,713,956,000 after buying an additional 89,975 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

PWR has been the topic of several research reports. Roth Mkm assumed coverage on Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 target price on the stock. Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 24th. Bank of America initiated coverage on shares of Quanta Services in a research note on Friday, January 24th. They set a "buy" rating and a $407.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on Quanta Services from $388.00 to $323.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Quanta Services presently has an average rating of "Moderate Buy" and a consensus price target of $326.95.

Quanta Services Stock Performance

Shares of PWR traded up $4.75 during trading hours on Friday, hitting $245.63. The company had a trading volume of 2,057,576 shares, compared to its average volume of 1,752,731. The business has a fifty day moving average of $301.17 and a 200-day moving average of $305.05. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a market cap of $36.40 billion, a price-to-earnings ratio of 40.73, a PEG ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $227.11 and a 12 month high of $365.88.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $6.61 billion. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

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.