Securian Asset Management Inc. Sells 184 Shares of Quanta Services, Inc. (NYSE:PWR)

Securian Asset Management Inc. trimmed its stake in Quanta Services, Inc. (NYSE:PWR) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,932 shares of the construction company’s stock after selling 184 shares during the period. Securian Asset Management Inc.’s holdings in Quanta Services were worth $2,507,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PWR. Raymond James Financial Inc. bought a new position in shares of Quanta Services in the fourth quarter worth approximately $203,068,000. Alkeon Capital Management LLC increased its position 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 worth $193,798,000 after purchasing an additional 250,000 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Quanta Services in the fourth quarter worth approximately $53,949,000. Union Bancaire Privee UBP SA purchased a new stake in Quanta Services in the fourth quarter worth approximately $46,364,000. Finally, Public Sector Pension Investment Board boosted its stake in Quanta Services by 81.7% in the third 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. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

Shares of Quanta Services stock opened at $249.47 on Thursday. 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 company has a market cap of $36.97 billion, a PE ratio of 41.37, a P/E/G ratio of 1.41 and a beta of 1.10. The business has a 50 day moving average of $298.12 and a 200 day moving average of $304.89. Quanta Services, Inc. has a 52 week low of $227.11 and a 52 week high of $365.88.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.12. The company 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%. As a group, equities research analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on PWR. Roth Mkm began coverage on Quanta Services in a research note on Friday, February 21st. They issued a “buy” rating and a $350.00 target price for the company. Citigroup cut their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on Quanta Services from $297.00 to $323.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Roth Capital raised Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Finally, Daiwa America lowered Quanta Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Quanta Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.95.

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.