Quanta Services Inc (NYSE:PWR) Shares Sold by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC reduced its stake in Quanta Services Inc (NYSE:PWR) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,047 shares of the construction company’s stock after selling 1,660 shares during the period. United Capital Financial Advisers LLC’s holdings in Quanta Services were worth $1,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Quanta Services by 3.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,264 shares of the construction company’s stock valued at $312,000 after purchasing an additional 297 shares during the last quarter. LS Investment Advisors LLC increased its holdings in shares of Quanta Services by 2.3% during the 2nd quarter. LS Investment Advisors LLC now owns 15,781 shares of the construction company’s stock worth $603,000 after purchasing an additional 350 shares during the period. First National Bank of Omaha increased its holdings in shares of Quanta Services by 0.3% during the 2nd quarter. First National Bank of Omaha now owns 146,928 shares of the construction company’s stock worth $5,611,000 after purchasing an additional 372 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of Quanta Services by 5.1% during the 1st quarter. Rehmann Capital Advisory Group now owns 8,485 shares of the construction company’s stock worth $320,000 after purchasing an additional 412 shares during the period. Finally, Peddock Capital Advisors LLC increased its holdings in shares of Quanta Services by 2.5% during the 2nd quarter. Peddock Capital Advisors LLC now owns 18,252 shares of the construction company’s stock worth $697,000 after purchasing an additional 447 shares during the period. Hedge funds and other institutional investors own 85.74% of the company’s stock.

A number of research firms recently weighed in on PWR. ValuEngine cut shares of Quanta Services from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their target price on shares of Quanta Services from $43.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Vertical Research started coverage on shares of Quanta Services in a research report on Friday, August 23rd. They set a “buy” rating and a $41.00 target price on the stock. TheStreet lowered shares of Quanta Services from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Finally, Stephens set a $42.00 target price on shares of Quanta Services and gave the stock a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Quanta Services presently has a consensus rating of “Hold” and an average target price of $43.29.



Shares of PWR stock traded down $0.04 during trading hours on Friday, reaching $37.84. 25,761 shares of the company were exchanged, compared to its average volume of 1,263,790. Quanta Services Inc has a fifty-two week low of $27.90 and a fifty-two week high of $41.00. The stock’s fifty day moving average is $34.51 and its two-hundred day moving average is $36.91. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 14.96 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.97 and a quick ratio of 1.93.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, August 1st. The construction company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.45). Quanta Services had a net margin of 2.80% and a return on equity of 11.41%. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that Quanta Services Inc will post 2.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 0.42%. Quanta Services’s dividend payout ratio is currently 6.32%.

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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