Quanta Services, Inc. (NYSE:PWR) Stock Holdings Lowered by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,883 shares of the construction company's stock after selling 13,859 shares during the quarter. Federated Hermes Inc. owned approximately 0.42% of Quanta Services worth $194,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Quanta Services Price Performance

Shares of NYSE PWR traded up $4.43 during trading on Friday, reaching $267.13. The company had a trading volume of 405,644 shares, compared to its average volume of 1,694,943. The stock has a 50-day moving average price of $267.81 and a two-hundred day moving average price of $302.72. 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 stock has a market capitalization of $39.59 billion, a PE ratio of 44.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. Quanta Services, Inc. has a twelve month low of $227.08 and a twelve month high of $365.88.

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

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, April 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.15%. The ex-dividend date is Thursday, April 3rd. Quanta Services's dividend payout ratio is currently 6.63%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PWR shares. Stifel Nicolaus cut their target price on shares of Quanta Services from $323.00 to $287.00 and set a "buy" rating for the company in a research report on Wednesday. Daiwa America lowered shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Guggenheim initiated coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a "neutral" rating on the stock. BMO Capital Markets upgraded shares of Quanta Services from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $338.00 to $316.00 in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price objective on Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Quanta Services has an average rating of "Moderate Buy" and an average price target of $319.25.

Quanta Services Company 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.