UniSuper Management Pty Ltd Sells 7,665 Shares of Quanta Services, Inc. (NYSE:PWR)

UniSuper Management Pty Ltd decreased its holdings in shares of Quanta Services, Inc. (NYSE:PWR - Free Report) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,978 shares of the construction company's stock after selling 7,665 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.06% of Quanta Services worth $27,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Elo Mutual Pension Insurance Co grew its stake in Quanta Services by 5.2% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 13,596 shares of the construction company's stock valued at $4,297,000 after buying an additional 674 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Quanta Services by 7.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 235,164 shares of the construction company's stock valued at $76,786,000 after purchasing an additional 15,403 shares during the last quarter. Penobscot Investment Management Company Inc. increased its stake in shares of Quanta Services by 0.3% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 35,609 shares of the construction company's stock worth $11,254,000 after purchasing an additional 90 shares during the period. UNIVEST FINANCIAL Corp boosted its stake in Quanta Services by 3.1% in the 4th quarter. UNIVEST FINANCIAL Corp now owns 2,154 shares of the construction company's stock valued at $681,000 after purchasing an additional 64 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Quanta Services by 7.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 73,782 shares of the construction company's stock valued at $23,319,000 after buying an additional 4,815 shares in the last quarter. 90.49% of the stock is owned by institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PWR shares. Stifel Nicolaus reduced their target price 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. Daiwa Capital Markets lowered shares of Quanta Services from an "outperform" rating to a "neutral" rating in a research report on Monday, February 24th. Roth Capital upgraded shares of Quanta Services to a "strong-buy" rating in a research report on Thursday, February 20th. Roth Mkm initiated coverage on Quanta Services in a research report on Friday, February 21st. They set a "buy" rating and a $350.00 price target on the stock. Finally, Guggenheim began coverage on Quanta Services in a report on Wednesday, January 8th. They issued a "neutral" rating for the company. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $326.79.

Quanta Services Price Performance

Shares of NYSE:PWR traded down $0.71 during trading on Friday, hitting $254.17. 1,150,073 shares of the company were exchanged, compared to its average volume of 1,724,061. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 1-year low of $227.11 and a 1-year high of $365.88. The company has a market capitalization of $37.67 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The business's 50 day moving average is $283.07 and its 200-day moving average is $304.75.

Quanta Services (NYSE:PWR - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $2.74 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 firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.61 billion. Equities analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be paid 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 is Thursday, April 3rd. Quanta Services's payout ratio is currently 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.