Anderson Hoagland & Co. reduced its holdings in shares of Quanta Services Inc (NYSE:PWR) by 1.5% in the third quarter, HoldingsChannel reports. The fund owned 57,889 shares of the construction company’s stock after selling 909 shares during the period. Quanta Services accounts for 1.2% of Anderson Hoagland & Co.’s portfolio, making the stock its 18th biggest holding. Anderson Hoagland & Co.’s holdings in Quanta Services were worth $1,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Commerce Bank lifted its position in Quanta Services by 18.3% during the 2nd quarter. Commerce Bank now owns 6,451 shares of the construction company’s stock valued at $247,000 after acquiring an additional 1,000 shares during the period. Swiss National Bank lifted its position in Quanta Services by 1.1% during the 1st quarter. Swiss National Bank now owns 267,035 shares of the construction company’s stock valued at $10,078,000 after acquiring an additional 3,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in Quanta Services by 0.4% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 927,549 shares of the construction company’s stock valued at $35,423,000 after acquiring an additional 3,489 shares during the period. Oppenheimer & Co. Inc. lifted its position in Quanta Services by 27.4% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 93,095 shares of the construction company’s stock valued at $3,555,000 after acquiring an additional 20,045 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Quanta Services during the 2nd quarter valued at about $549,000. 85.90% of the stock is owned by institutional investors.

Quanta Services stock traded up $0.21 during trading hours on Wednesday, hitting $37.28. The stock had a trading volume of 891,833 shares, compared to its average volume of 1,387,006. The company has a quick ratio of 1.93, a current ratio of 1.97 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.27 billion, a P/E ratio of 14.74 and a beta of 1.20. Quanta Services Inc has a 12-month low of $27.90 and a 12-month high of $41.00. The stock’s 50-day moving average price is $35.89 and its 200-day moving average price is $37.01.

Quanta Services (NYSE:PWR) last issued its earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.45). The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Quanta Services had a return on equity of 11.41% and a net margin of 2.80%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. On average, research analysts expect that Quanta Services Inc will post 2.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.16 annualized dividend and a yield of 0.43%. Quanta Services’s dividend payout ratio (DPR) is presently 6.32%.

Several research analysts have issued reports on the stock. Vertical Research assumed coverage on shares of Quanta Services in a report on Friday, August 23rd. They issued a “buy” rating and a $41.00 target price for the company. TheStreet raised shares of Quanta Services from a “c+” rating to a “b-” rating in a report on Wednesday, September 25th. Stephens set a $42.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a report on Friday, August 16th. Stifel Nicolaus lifted their target price on shares of Quanta Services from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, ValuEngine cut shares of Quanta Services from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $43.57.

About Quanta Services

Quanta Services, Inc provides specialty contracting services in the United States, Canada, Australia, Latin America, and internationally. Its Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution infrastructure, and substation facilities, as well as provides other engineering and technical services; designs, installs, maintains, and repairs commercial and industrial wiring; and operates a postsecondary educational institution.

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Institutional Ownership by Quarter for Quanta Services (NYSE:PWR)

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