Diversified Trust Co Sells 32 Shares of Quanta Services, Inc. (NYSE:PWR)

Diversified Trust Co lowered its position in Quanta Services, Inc. (NYSE:PWR) by 3.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 916 shares of the construction company’s stock after selling 32 shares during the period. Diversified Trust Co’s holdings in Quanta Services were worth $290,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new position in Quanta Services in the third quarter valued at about $31,000. Prestige Wealth Management Group LLC acquired a new position in shares of Quanta Services in the 3rd quarter valued at approximately $30,000. Versant Capital Management Inc grew its position in shares of Quanta Services by 62.5% in the 4th quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after purchasing an additional 45 shares during the period. Valley Wealth Managers Inc. bought a new stake in Quanta Services during the 2nd quarter worth approximately $33,000. Finally, Quest Partners LLC bought a new position in Quanta Services in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 0.6 %

Quanta Services stock opened at $314.03 on Friday. Quanta Services, Inc. has a fifty-two week low of $187.27 and a fifty-two week high of $350.19. The firm has a market capitalization of $46.35 billion, a PE ratio of 57.94 and a beta of 1.06. The company’s 50-day moving average is $328.26 and its 200-day moving average is $294.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.23 and a quick ratio of 1.19.

Quanta Services (NYSE:PWR) last released its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.26. Quanta Services had a return on equity of 16.71% and a net margin of 3.54%. The firm had revenue of $6.49 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same quarter in the prior year, the company earned $2.08 earnings per share. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. Sell-side analysts anticipate that Quanta Services, Inc. will post 7.9 earnings per share for the current year.

Quanta Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, January 2nd will be issued a $0.10 dividend. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 0.13%. The ex-dividend date of this dividend is Thursday, January 2nd. Quanta Services’s payout ratio is currently 7.38%.

Wall Street Analyst Weigh In

PWR has been the topic of a number of research analyst reports. Daiwa Capital Markets assumed coverage on shares of Quanta Services in a report on Friday, December 6th. They set an “outperform” rating and a $355.00 price objective on the stock. Stifel Nicolaus boosted their price target on Quanta Services from $343.00 to $374.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Northland Securities reiterated an “outperform” rating and set a $328.00 price objective (up from $280.00) on shares of Quanta Services in a report on Friday, November 1st. JPMorgan Chase & Co. started coverage on Quanta Services in a research note on Monday, October 7th. They issued a “neutral” rating and a $297.00 target price on the stock. Finally, UBS Group raised their price target on shares of Quanta Services from $313.00 to $367.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.25.

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.