FineMark National Bank & Trust Acquires 1,398 Shares of Quanta Services, Inc. (NYSE:PWR)

FineMark National Bank & Trust grew its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,174 shares of the construction company's stock after purchasing an additional 1,398 shares during the period. Quanta Services makes up approximately 0.9% of FineMark National Bank & Trust's investment portfolio, making the stock its 22nd largest holding. FineMark National Bank & Trust owned 0.05% of Quanta Services worth $25,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PWR. Raymond James Trust N.A. boosted its holdings in Quanta Services by 25.5% during the third quarter. Raymond James Trust N.A. now owns 4,408 shares of the construction company's stock worth $1,314,000 after purchasing an additional 897 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in Quanta Services by 3.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 8,618 shares of the construction company's stock worth $2,569,000 after buying an additional 304 shares in the last quarter. Centaurus Financial Inc. boosted its stake in shares of Quanta Services by 35.1% during the 3rd quarter. Centaurus Financial Inc. now owns 1,488 shares of the construction company's stock worth $444,000 after buying an additional 387 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Quanta Services by 11.6% in the third quarter. Daiwa Securities Group Inc. now owns 67,522 shares of the construction company's stock valued at $20,132,000 after acquiring an additional 7,010 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in Quanta Services during the third quarter worth about $211,000. 90.49% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of research firms have weighed in on PWR. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research note on Thursday, February 20th. Roth Mkm assumed 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 for the company. B. Riley reaffirmed a "neutral" rating and set a $300.00 price target (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Stifel Nicolaus decreased their price objective on shares of Quanta Services from $388.00 to $323.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Citigroup dropped their target price on shares of Quanta Services from $394.00 to $371.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Seven 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 an average target price of $326.79.

Quanta Services Stock Performance

Quanta Services stock traded down $1.61 during midday trading on Friday, hitting $253.27. The company's stock had a trading volume of 552,033 shares, compared to its average volume of 1,713,295. The company has a 50-day moving average price of $284.73 and a two-hundred day moving average price of $304.34. Quanta Services, Inc. has a 1-year low of $227.11 and a 1-year high of $365.88. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 1.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR - Get Free Report) last issued its quarterly earnings results 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. 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 analysts' expectations 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 announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Thursday, April 3rd. Quanta Services's payout ratio is presently 6.63%.

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.