Yousif Capital Management LLC Has $4.38 Million Stock Position in Quanta Services, Inc. (NYSE:PWR)

Yousif Capital Management LLC lowered its position in Quanta Services, Inc. (NYSE:PWR) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,305 shares of the construction company’s stock after selling 6,615 shares during the quarter. Yousif Capital Management LLC’s holdings in Quanta Services were worth $4,382,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in Quanta Services by 8,297.7% during the fourth quarter. Nordea Investment Management AB now owns 912,413 shares of the construction company’s stock worth $196,205,000 after purchasing an additional 901,548 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of Quanta Services by 1,494.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 304,126 shares of the construction company’s stock worth $56,893,000 after buying an additional 285,047 shares during the period. Scout Investments Inc. boosted its stake in Quanta Services by 20.3% in the 3rd quarter. Scout Investments Inc. now owns 921,186 shares of the construction company’s stock valued at $162,718,000 after buying an additional 155,586 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Quanta Services in the fourth quarter valued at $31,730,000. Finally, Trust Point Inc. acquired a new position in Quanta Services during the fourth quarter worth $28,072,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Stock Up 2.6 %

Shares of NYSE:PWR opened at $261.76 on Friday. The company has a 50 day moving average of $245.90 and a 200-day moving average of $211.02. Quanta Services, Inc. has a one year low of $153.74 and a one year high of $265.82. The stock has a market cap of $38.32 billion, a price-to-earnings ratio of 52.25 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.47 and a quick ratio of 1.44.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.83 by $0.21. Quanta Services had a net margin of 3.57% and a return on equity of 16.46%. The company had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the company posted $1.54 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. On average, sell-side analysts forecast that Quanta Services, Inc. will post 7.63 earnings per share for the current year.

Quanta Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.36 annualized dividend and a dividend yield of 0.14%. Quanta Services’s payout ratio is currently 7.19%.

Insider Activity

In related news, EVP Derrick A. Jensen sold 18,500 shares of Quanta Services stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total transaction of $4,382,650.00. Following the transaction, the executive vice president now owns 263,725 shares of the company’s stock, valued at approximately $62,476,452.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the transaction, the executive vice president now directly owns 263,725 shares of the company’s stock, valued at $62,476,452.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donald Wayne sold 1,101 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $261.94, for a total value of $288,395.94. Following the completion of the sale, the executive vice president now owns 40,065 shares of the company’s stock, valued at $10,494,626.10. The disclosure for this sale can be found here. Insiders sold a total of 47,125 shares of company stock valued at $11,270,215 in the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PWR shares. Evercore ISI assumed coverage on shares of Quanta Services in a report on Tuesday, February 13th. They issued an “outperform” rating and a $237.00 target price on the stock. KeyCorp began coverage on shares of Quanta Services in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Stifel Nicolaus boosted their target price on Quanta Services from $237.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. DA Davidson raised their price target on Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, TD Cowen boosted their price objective on Quanta Services from $205.00 to $270.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Quanta Services presently has an average rating of “Moderate Buy” and a consensus target price of $247.67.

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.