Quanta Services, Inc. (NYSE:PWR) Stock Position Cut by Monument Capital Management

Monument Capital Management trimmed its stake in shares of Quanta Services, Inc. (NYSE:PWR) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 6,184 shares of the construction company’s stock after selling 42 shares during the period. Monument Capital Management’s holdings in Quanta Services were worth $1,607,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Quanta Services by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 16,235,875 shares of the construction company’s stock valued at $3,503,702,000 after acquiring an additional 191,334 shares during the period. Capital World Investors boosted its stake in Quanta Services by 11.6% during the 4th quarter. Capital World Investors now owns 6,000,722 shares of the construction company’s stock valued at $1,294,956,000 after purchasing an additional 624,545 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Quanta Services by 384.9% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,438,653 shares of the construction company’s stock valued at $526,261,000 after purchasing an additional 1,935,786 shares during the period. Norges Bank bought a new stake in shares of Quanta Services in the 4th quarter worth $335,777,000. Finally, Morgan Stanley lifted its holdings in shares of Quanta Services by 3.3% in the third quarter. Morgan Stanley now owns 1,539,987 shares of the construction company’s stock valued at $288,086,000 after buying an additional 49,602 shares during the period. 90.49% of the stock is owned by institutional investors and hedge funds.

Quanta Services Stock Performance

Shares of PWR traded up $5.15 during trading hours on Wednesday, reaching $252.93. 260,082 shares of the company traded hands, compared to its average volume of 937,040. Quanta Services, Inc. has a 1-year low of $153.74 and a 1-year high of $286.87. The stock has a market cap of $37.03 billion, a P/E ratio of 48.02 and a beta of 1.03. The stock’s fifty day moving average is $268.75 and its 200 day moving average is $241.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.36.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.14. The company had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.96 billion. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. Equities research analysts anticipate that Quanta Services, Inc. will post 7.69 earnings per share for the current fiscal year.

Quanta Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Monday, July 1st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date is Monday, July 1st. Quanta Services’s dividend payout ratio is 6.98%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore ISI upped their price target on shares of Quanta Services from $255.00 to $288.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Citigroup raised their price objective on shares of Quanta Services from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Robert W. Baird boosted their target price on shares of Quanta Services from $265.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. DA Davidson upped their price objective on shares of Quanta Services from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Finally, Argus boosted their price target on shares of Quanta Services from $285.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $268.85.

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.