Thrivent Financial for Lutherans Has $153.87 Million Position in Quanta Services, Inc. (NYSE:PWR)

Thrivent Financial for Lutherans increased its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 486,762 shares of the construction company's stock after purchasing an additional 2,569 shares during the period. Thrivent Financial for Lutherans owned about 0.33% of Quanta Services worth $153,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Quanta Services in the 4th quarter worth approximately $203,068,000. Alkeon Capital Management LLC lifted its position in Quanta Services by 62.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 650,000 shares of the construction company's stock worth $193,798,000 after buying an additional 250,000 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Quanta Services in the 4th quarter worth approximately $53,949,000. Union Bancaire Privee UBP SA purchased a new stake in Quanta Services in the 4th quarter worth approximately $46,364,000. Finally, Public Sector Pension Investment Board lifted its position in Quanta Services by 81.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company's stock worth $83,210,000 after buying an additional 125,530 shares in the last quarter. Institutional investors and hedge funds own 90.49% of the company's stock.

Quanta Services Stock Performance

NYSE PWR traded down $2.67 during midday trading on Friday, hitting $268.43. The company had a trading volume of 1,606,022 shares, compared to its average volume of 1,756,634. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 1.41 and a beta of 1.10. The firm has a fifty day simple moving average of $289.30 and a two-hundred day simple moving average of $303.94. Quanta Services, Inc. has a fifty-two week low of $227.11 and a fifty-two week high of $365.88.

Remove Ads

Quanta Services (NYSE:PWR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.12. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. Equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.15%. Quanta Services's dividend payout ratio is 6.63%.

Analyst Upgrades and Downgrades

PWR has been the subject of a number of research analyst reports. Daiwa America downgraded shares of Quanta Services from a "strong-buy" rating to a "hold" rating in a research 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. B. Riley restated a "neutral" rating and set a $300.00 price target (down previously from $343.00) on shares of Quanta Services in a report on Wednesday. Bank of America initiated coverage on shares of Quanta Services in a report on Friday, January 24th. They set a "buy" rating and a $407.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Quanta Services from $297.00 to $323.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.