First Hawaiian Bank Has $1.48 Million Position in Quanta Services, Inc. (NYSE:PWR)

First Hawaiian Bank boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 62.2% during the fourth quarter, HoldingsChannel reports. The fund owned 4,680 shares of the construction company’s stock after purchasing an additional 1,795 shares during the quarter. First Hawaiian Bank’s holdings in Quanta Services were worth $1,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Silverleafe Capital Partners LLC increased its holdings in Quanta Services by 6,000.0% in the fourth quarter. Silverleafe Capital Partners LLC now owns 5,185 shares of the construction company’s stock valued at $1,639,000 after purchasing an additional 5,100 shares during the period. Neville Rodie & Shaw Inc. increased its stake in shares of Quanta Services by 0.6% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 154,181 shares of the construction company’s stock valued at $48,729,000 after buying an additional 982 shares during the period. Everence Capital Management Inc. raised its position in shares of Quanta Services by 52.2% during the fourth quarter. Everence Capital Management Inc. now owns 2,040 shares of the construction company’s stock worth $645,000 after acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Quanta Services by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 3,612 shares of the construction company’s stock worth $1,142,000 after acquiring an additional 463 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Quanta Services by 62.5% in the fourth quarter. Versant Capital Management Inc now owns 117 shares of the construction company’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup upped their price objective on shares of Quanta Services from $348.00 to $394.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Daiwa America upgraded Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Wolfe Research began coverage on Quanta Services in a research note on Thursday, September 19th. They issued an “outperform” rating and a $313.00 price objective on the stock. Stifel Nicolaus raised their target price on Quanta Services from $343.00 to $374.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Guggenheim assumed coverage on Quanta Services in a research note on Wednesday. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $324.25.

Quanta Services Trading Down 2.5 %

NYSE:PWR opened at $311.97 on Friday. 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, Inc. has a one year low of $187.27 and a one year high of $350.19. The company has a market cap of $46.05 billion, a PE ratio of 57.56 and a beta of 1.06. The firm has a 50-day moving average of $327.84 and a 200-day moving average of $293.46.

Quanta Services (NYSE:PWR) last issued its quarterly earnings data on Thursday, October 31st. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.56 billion. During the same period in the previous year, the company posted $2.08 EPS. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts expect that Quanta Services, Inc. will post 7.9 EPS for the current fiscal year.

Quanta Services Increases Dividend

The company 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.13%. This is an increase from Quanta Services’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, January 2nd. Quanta Services’s payout ratio is currently 7.38%.

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.