D.A. Davidson & CO. Sells 9,881 Shares of Quanta Services, Inc. (NYSE:PWR)

D.A. Davidson & CO. trimmed its position in Quanta Services, Inc. (NYSE:PWR) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,650 shares of the construction company’s stock after selling 9,881 shares during the quarter. D.A. Davidson & CO.’s holdings in Quanta Services were worth $17,272,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alkeon Capital Management LLC increased its position in Quanta Services by 62.5% during the 3rd 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 in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Quanta Services during the fourth quarter worth $46,364,000. International Assets Investment Management LLC increased its holdings in shares of Quanta Services by 29,655.3% during the third quarter. International Assets Investment Management LLC now owns 148,479 shares of the construction company’s stock worth $44,269,000 after buying an additional 147,980 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Quanta Services by 81.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 279,089 shares of the construction company’s stock valued at $83,210,000 after acquiring an additional 125,530 shares in the last quarter. Finally, Meitav Investment House Ltd. bought a new stake in Quanta Services during the 3rd quarter worth $27,430,000. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Stock Down 2.0 %

Shares of NYSE:PWR opened at $285.13 on Tuesday. Quanta Services, Inc. has a 52-week low of $206.58 and a 52-week high of $365.88. The firm has a market cap of $42.09 billion, a P/E ratio of 52.61, a PEG ratio of 1.56 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.19 and a current ratio of 1.23. The business’s 50 day simple moving average is $319.99 and its two-hundred day simple moving average is $304.91.

Quanta Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, January 2nd were given a dividend of $0.10 per share. This is a positive change from Quanta Services’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date was Thursday, January 2nd. Quanta Services’s dividend payout ratio (DPR) is presently 7.38%.

Analysts Set New Price Targets

A number of analysts have recently commented on PWR shares. BMO Capital Markets assumed coverage on Quanta Services in a research note on Monday, February 3rd. They set an “outperform” rating and a $338.00 price target on the stock. Daiwa America raised shares of Quanta Services to a “strong-buy” rating in a report on Friday, December 6th. Robert W. Baird raised their price target on shares of Quanta Services from $320.00 to $333.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Northland Securities reissued an “outperform” rating and issued a $328.00 price objective (up previously from $280.00) on shares of Quanta Services in a research note on Friday, November 1st. Finally, Citigroup lowered their target price on Quanta Services from $394.00 to $371.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Quanta Services currently has a consensus rating of “Moderate Buy” and an average price target of $330.50.

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.