Natixis Advisors L.P. Has $19.10 Million Stake in Quanta Services, Inc. (NYSE:PWR)

Natixis Advisors L.P. reduced its holdings in Quanta Services, Inc. (NYSE:PWR) by 77.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,496 shares of the construction company’s stock after selling 296,408 shares during the quarter. Natixis Advisors L.P. owned about 0.06% of Quanta Services worth $19,097,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PWR. Truist Financial Corp increased its position in Quanta Services by 2.2% in the 4th quarter. Truist Financial Corp now owns 432,810 shares of the construction company’s stock worth $93,400,000 after buying an additional 9,421 shares during the period. Carnegie Capital Asset Management LLC raised its stake in Quanta Services by 24.5% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 1,650 shares of the construction company’s stock valued at $356,000 after purchasing an additional 325 shares during the last quarter. Gradient Investments LLC boosted its holdings in Quanta Services by 669,187.5% in the 4th quarter. Gradient Investments LLC now owns 53,543 shares of the construction company’s stock valued at $11,555,000 after purchasing an additional 53,535 shares during the period. Saxon Interests Inc. acquired a new stake in Quanta Services in the 4th quarter worth $1,352,000. Finally, Nordea Investment Management AB increased its holdings in shares of Quanta Services by 8,297.7% during the 4th 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. 90.49% of the stock is currently owned by institutional investors.

Quanta Services Price Performance

NYSE:PWR opened at $256.33 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The firm has a market cap of $37.52 billion, a PE ratio of 49.68 and a beta of 1.10. Quanta Services, Inc. has a 12 month low of $153.74 and a 12 month high of $265.82. The company’s 50-day moving average price is $250.69 and its two-hundred day moving average price is $214.98.

Quanta Services (NYSE:PWR) last announced its earnings results on Thursday, February 22nd. The construction company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.83 by $0.21. Quanta Services had a return on equity of 16.25% and a net margin of 3.57%. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the business earned $1.54 EPS. Quanta Services’s revenue was up 31.0% compared to the same quarter last year. On average, equities analysts anticipate that Quanta Services, Inc. will post 7.63 EPS for the current fiscal year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 9th were issued a $0.09 dividend. The ex-dividend date was Monday, April 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.14%. Quanta Services’s dividend payout ratio is 6.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PWR shares. The Goldman Sachs Group lifted their target price on Quanta Services from $227.00 to $259.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Evercore ISI began coverage on Quanta Services in a research report on Tuesday, February 13th. They set an “outperform” rating and a $237.00 price objective on the stock. DA Davidson upped their target price on Quanta Services from $190.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. B. Riley lifted their price target on shares of Quanta Services from $246.00 to $286.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Robert W. Baird increased their price objective on shares of Quanta Services from $265.00 to $287.00 and gave the company an “outperform” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $255.85.

Insider Buying and Selling

In other Quanta Services news, EVP Derrick A. Jensen sold 18,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $236.90, for a total value of $4,382,650.00. Following the completion of the sale, the executive vice president now owns 263,725 shares in the company, valued at approximately $62,476,452.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Quanta Services news, Director Worthing Jackman sold 9,572 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $237.31, for a total transaction of $2,271,531.32. Following the completion of the sale, the director now directly owns 7,486 shares of the company’s stock, valued at approximately $1,776,502.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Derrick A. Jensen sold 18,500 shares of the company’s stock in a transaction dated 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 in the company, valued at $62,476,452.50. The disclosure for this sale can be found here. Insiders have sold a total of 47,125 shares of company stock worth $11,270,215 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.