Mirova Decreases Stock Holdings in Quanta Services, Inc. (NYSE:PWR)

Mirova trimmed its stake in Quanta Services, Inc. (NYSE:PWR - Free Report) by 22.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,017 shares of the construction company's stock after selling 3,183 shares during the quarter. Mirova's holdings in Quanta Services were worth $3,482,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PWR. MML Investors Services LLC raised its stake in shares of Quanta Services by 54.3% in the fourth quarter. MML Investors Services LLC now owns 34,074 shares of the construction company's stock worth $10,769,000 after purchasing an additional 11,988 shares during the last quarter. Natixis bought a new stake in Quanta Services during the fourth quarter valued at approximately $741,000. MetLife Investment Management LLC increased its stake in shares of Quanta Services by 1.7% in the 4th quarter. MetLife Investment Management LLC now owns 40,987 shares of the construction company's stock worth $12,954,000 after purchasing an additional 690 shares in the last quarter. Ossiam raised its stake in Quanta Services by 6.1% during the 4th quarter. Ossiam now owns 787 shares of the construction company's stock worth $249,000 after acquiring an additional 45 shares during the period. Finally, Norinchukin Bank The increased its stake in Quanta Services by 4.1% in the 4th quarter. Norinchukin Bank The now owns 5,872 shares of the construction company's stock worth $1,856,000 after buying an additional 233 shares in the last quarter. 90.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley reiterated a "neutral" rating and issued a $300.00 price target (down previously from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a research note on Monday, February 24th. Roth Mkm began coverage on shares of Quanta Services in a research note on Friday, February 21st. They issued a "buy" rating and a $350.00 target price on the stock. BMO Capital Markets upgraded Quanta Services from a "market perform" rating to an "outperform" rating and cut their price target for the company from $338.00 to $316.00 in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Quanta Services from $297.00 to $323.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $319.25.

Quanta Services Stock Performance

NYSE:PWR traded up $13.08 during midday trading on Wednesday, hitting $274.93. The company's stock had a trading volume of 1,555,806 shares, compared to its average volume of 1,647,113. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19. The firm has a market cap of $40.76 billion, a P/E ratio of 45.59, a P/E/G ratio of 1.41 and a beta of 1.04. The firm's 50 day moving average is $261.88 and its 200-day moving average is $300.80.

Quanta Services (NYSE:PWR - Get Free Report) last issued 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. The business had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Equities analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

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

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.