Wellington Shields & Co. LLC Has $33,000 Holdings in Quanta Services, Inc. (NYSE:PWR)

Wellington Shields & Co. LLC lessened its stake in Quanta Services, Inc. (NYSE:PWR) by 33.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128 shares of the construction company’s stock after selling 65 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Quanta Services were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWR. AQR Capital Management LLC increased its position in Quanta Services by 7.9% in the 3rd quarter. AQR Capital Management LLC now owns 34,368 shares of the construction company’s stock valued at $6,429,000 after acquiring an additional 2,528 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Quanta Services by 715.9% during the 3rd quarter. Schroder Investment Management Group now owns 30,557 shares of the construction company’s stock worth $5,716,000 after buying an additional 26,812 shares during the period. Royal London Asset Management Ltd. grew its position in shares of Quanta Services by 2.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 57,968 shares of the construction company’s stock worth $10,847,000 after buying an additional 1,338 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Quanta Services during the 3rd quarter worth approximately $2,911,000. Finally, Morgan Stanley grew its position in shares of Quanta Services by 3.3% during the 3rd quarter. Morgan Stanley now owns 1,539,987 shares of the construction company’s stock worth $288,086,000 after buying an additional 49,602 shares during the period. Institutional investors and hedge funds own 90.49% of the company’s stock.

Analyst Ratings Changes

PWR has been the subject of several analyst reports. Robert W. Baird lifted their price target on shares of Quanta Services from $265.00 to $287.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Citigroup boosted their price objective on shares of Quanta Services from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Evercore ISI boosted their price objective on shares of Quanta Services from $255.00 to $288.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. B. Riley boosted their price objective on shares of Quanta Services from $246.00 to $286.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Quanta Services from $259.00 to $286.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $268.85.

Quanta Services Stock Up 1.1 %

Shares of PWR stock traded up $2.74 during trading on Wednesday, reaching $257.53. The company’s stock had a trading volume of 244,539 shares, compared to its average volume of 926,944. The business has a fifty day moving average price of $268.36 and a 200-day moving average price of $242.85. 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 company has a market cap of $37.70 billion, a price-to-earnings ratio of 49.67 and a beta of 1.03. Quanta Services, Inc. has a one year low of $153.74 and a one year high of $286.87.

Quanta Services (NYSE:PWR) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.14. The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $4.96 billion. Quanta Services had a net margin of 3.57% and a return on equity of 16.25%. Analysts anticipate that Quanta Services, Inc. will post 7.69 earnings per share for the current year.

Quanta Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Monday, July 1st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.36 dividend on an annualized basis and a yield of 0.14%. Quanta Services’s payout ratio is 6.98%.

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.