Segall Bryant & Hamill LLC Sells 20,128 Shares of Quanta Services, Inc. (NYSE:PWR)

Segall Bryant & Hamill LLC cut its holdings in Quanta Services, Inc. (NYSE:PWR - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 105,570 shares of the construction company's stock after selling 20,128 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.07% of Quanta Services worth $33,365,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PWR. Raymond James Financial Inc. acquired a new stake in Quanta Services in the 4th quarter valued at about $203,068,000. Alkeon Capital Management LLC increased its holdings in shares of Quanta Services by 62.5% in the third quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company's stock valued at $193,798,000 after purchasing an additional 250,000 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Quanta Services in the fourth quarter valued at approximately $53,949,000. Vanguard Group Inc. raised its position in Quanta Services by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 17,009,421 shares of the construction company's stock worth $5,375,828,000 after purchasing an additional 161,277 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Quanta Services in the 4th quarter valued at $46,364,000. 90.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of recent research reports. Roth Capital upgraded Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Citigroup dropped their price objective on Quanta Services from $394.00 to $371.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. B. Riley reaffirmed a "neutral" rating and issued a $300.00 target price (down previously from $343.00) on shares of Quanta Services in a research note on Wednesday, March 19th. Daiwa Capital Markets downgraded shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research note on Monday, February 24th. Finally, Truist Financial reduced their price objective on shares of Quanta Services from $399.00 to $398.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $326.79.

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Quanta Services Stock Down 1.4 %

NYSE PWR traded down $3.59 during trading hours on Friday, reaching $251.29. 476,169 shares of the company's stock were exchanged, compared to its average volume of 1,712,154. The company has a market capitalization of $37.24 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a one year low of $227.11 and a one year high of $365.88. 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's 50-day moving average is $284.73 and its two-hundred day moving average is $304.34.

Quanta Services (NYSE:PWR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates 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%. On average, analysts forecast that Quanta Services, Inc. will post 9.34 EPS for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, April 3rd. 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.