Brown Brothers Harriman & Co. Has $1.96 Million Position in Quanta Services, Inc. (NYSE:PWR)

Brown Brothers Harriman & Co. increased its stake in Quanta Services, Inc. (NYSE:PWR) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,214 shares of the construction company’s stock after acquiring an additional 52 shares during the period. Brown Brothers Harriman & Co.’s holdings in Quanta Services were worth $1,964,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PWR. Webster Bank N. A. raised its position in shares of Quanta Services by 4,050.0% during the fourth quarter. Webster Bank N. A. now owns 83 shares of the construction company’s stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Sierra Ocean LLC bought a new stake in Quanta Services during the 4th quarter worth about $27,000. Prestige Wealth Management Group LLC bought a new stake in Quanta Services during the 3rd quarter worth about $30,000. Legacy Investment Solutions LLC bought a new position in shares of Quanta Services in the 3rd quarter valued at about $31,000. Finally, Sound Income Strategies LLC raised its stake in shares of Quanta Services by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 104 shares of the construction company’s stock worth $33,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PWR. Citigroup reduced their price objective on shares of Quanta Services from $394.00 to $371.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Bank of America began coverage on Quanta Services in a research note on Friday, January 24th. They set a “buy” rating and a $407.00 price objective for the company. Daiwa Capital Markets lowered Quanta Services from an “outperform” rating to a “neutral” rating in a research note on Monday, February 24th. B. Riley restated a “neutral” rating and set a $300.00 target price (down from $343.00) on shares of Quanta Services in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus cut their price target on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.79.

Quanta Services Price Performance

NYSE PWR opened at $254.17 on Friday. The firm’s 50 day moving average is $283.07 and its 200-day moving average is $304.75. 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 capitalization of $37.67 billion, a PE ratio of 42.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. Quanta Services, Inc. has a 12-month low of $227.11 and a 12-month high of $365.88.

Quanta Services (NYSE:PWR) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.12. Quanta Services had a net margin of 3.82% and a return on equity of 18.00%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.61 billion. Equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share 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. Investors of record on Thursday, April 3rd will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.40 annualized dividend and a yield of 0.16%. Quanta Services’s dividend payout ratio (DPR) is presently 6.63%.

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.