First National Advisers LLC Sells 1,504 Shares of Quanta Services, Inc. (NYSE:PWR)

First National Advisers LLC reduced its stake in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,685 shares of the construction company's stock after selling 1,504 shares during the period. First National Advisers LLC's holdings in Quanta Services were worth $2,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Webster Bank N. A. raised 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 valued at $26,000 after buying an additional 81 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Quanta Services during the fourth quarter valued at $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Quanta Services during the 3rd quarter worth about $31,000. Prestige Wealth Management Group LLC bought a new stake in shares of Quanta Services in the 3rd quarter worth $30,000. Finally, Sound Income Strategies LLC lifted its holdings 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 acquiring an additional 91 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Quanta Services Price Performance

Shares of NYSE PWR traded up $0.92 during mid-day trading on Thursday, hitting $271.32. 1,174,945 shares of the stock were exchanged, compared to its average volume of 1,759,476. Quanta Services, Inc. has a twelve month low of $227.11 and a twelve month high of $365.88. The stock's fifty day simple moving average is $291.03 and its two-hundred day simple moving average is $304.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.30. The company has a market cap of $40.21 billion, a P/E ratio of 45.00, a PEG ratio of 1.41 and a beta of 1.10.

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Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. The firm 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, analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PWR has been the subject of several recent analyst reports. Daiwa America cut shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Citigroup cut their target price on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Guggenheim initiated coverage on Quanta Services in a research report on Wednesday, January 8th. They issued a "neutral" rating on the stock. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Finally, Roth Mkm began coverage on Quanta Services in a report on Friday, February 21st. They issued a "buy" rating and a $350.00 price target for the company. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Quanta Services has a consensus rating of "Moderate Buy" and a consensus price target of $326.79.

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.