Northwest & Ethical Investments L.P. Cuts Holdings in Quanta Services, Inc. (NYSE:PWR)

Northwest & Ethical Investments L.P. reduced its position in shares of Quanta Services, Inc. (NYSE:PWR) by 9.3% during the 4th quarter, HoldingsChannel reports. The fund owned 970 shares of the construction company’s stock after selling 100 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Quanta Services were worth $306,000 at the end of the most recent reporting period.

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

Quanta Services Stock Down 1.0 %

Shares of PWR opened at $268.43 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The firm has a market cap of $39.78 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.10. The company’s 50-day moving average price is $289.30 and its 200 day moving average price is $304.27. 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 data on Thursday, February 20th. The construction company reported $2.74 EPS for the quarter, topping the consensus estimate of $2.62 by $0.12. The firm 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%. On average, sell-side analysts forecast that Quanta Services, Inc. will post 9.34 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, April 3rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.15%. Quanta Services’s payout ratio is presently 6.63%.

Analysts Set New Price Targets

A number of brokerages have commented on PWR. Bank of America assumed coverage on Quanta Services in a report on Friday, January 24th. They set a “buy” rating and a $407.00 target price for the company. Roth Capital raised Quanta Services to a “strong-buy” rating in a research note on Thursday, February 20th. Stifel Nicolaus lowered their target price on shares of Quanta Services from $388.00 to $323.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Daiwa America cut shares of Quanta Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 24th. Finally, BMO Capital Markets upgraded shares of Quanta Services from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $338.00 to $316.00 in a research report on Tuesday, February 25th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.