Edmond DE Rothschild Holding S.A. Lowers Stock Position in Quanta Services, Inc. (NYSE:PWR)

Edmond DE Rothschild Holding S.A. lessened its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 76.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 400 shares of the construction company's stock after selling 1,300 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Quanta Services were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Kestra Private Wealth Services LLC grew its holdings in Quanta Services by 85.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,752 shares of the construction company's stock worth $1,502,000 after acquiring an additional 2,184 shares during the period. Principal Financial Group Inc. boosted its position in Quanta Services by 5.6% in the 3rd quarter. Principal Financial Group Inc. now owns 207,720 shares of the construction company's stock worth $61,932,000 after purchasing an additional 11,012 shares in the last quarter. Synovus Financial Corp grew its stake in shares of Quanta Services by 34.0% during the 3rd quarter. Synovus Financial Corp now owns 7,206 shares of the construction company's stock worth $2,148,000 after purchasing an additional 1,830 shares during the period. Allstate Corp purchased a new position in shares of Quanta Services during the 4th quarter valued at approximately $1,357,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Quanta Services by 4.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,573 shares of the construction company's stock valued at $5,554,000 after purchasing an additional 793 shares during the period. 90.49% of the stock is owned by hedge funds and other institutional investors.

Quanta Services Trading Up 2.3 %

NYSE PWR traded up $5.60 on Monday, reaching $245.07. 2,396,161 shares of the company were exchanged, compared to its average volume of 1,713,552. Quanta Services, Inc. has a fifty-two week low of $227.08 and a fifty-two week high of $365.88. The stock has a market capitalization of $36.32 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The business's fifty day moving average price is $272.20 and its 200 day moving average price is $304.12. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.61 billion. Analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date of this dividend is Thursday, April 3rd. Quanta Services's dividend payout ratio is presently 6.63%.

Analyst Ratings Changes

A number of research firms have weighed in on PWR. Roth Capital raised shares of Quanta Services to a "strong-buy" rating in a report on Thursday, February 20th. Daiwa Capital Markets lowered Quanta Services from an "outperform" rating to a "neutral" rating in a research note on Monday, February 24th. Daiwa America cut Quanta Services from a "strong-buy" rating to a "hold" rating in a report on Monday, February 24th. Citigroup dropped their price objective on Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Guggenheim started coverage on Quanta Services in a research note on Wednesday, January 8th. They set a "neutral" rating for the company. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $326.79.

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.